Bitcoin experienced a significant price drop of 5.7%, falling from $102,000 to $96,145 within a day. The decline happened as U.S. bond yields surged to an eight-month high of 4.685%.
This market movement also saw Bitcoin ETF inflows plummet by 94%, landing at $52.9 million from the previous day's $987 million.
In a surprising turn, job openings rose to 8.098 million in November, showcasing unexpected economic resilience despite fluctuating crypto markets.
The combination of these factors suggests a complex financial landscape influencing Bitcoin's value.
