# 𝐁𝐈𝐓𝐂𝐎𝐈𝐍

#𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐅𝐀𝐋𝐋𝐒 𝐁𝐄𝐋𝐎𝐖 𝟖𝟎𝐊
𝐖𝐇𝐀𝐓 𝐂𝐇𝐀𝐍𝐆𝐄𝐃 𝐈𝐍 𝐇𝐎𝐔𝐑𝐒 🧐
Bitcoin dropped below $80,000 on May 7, touching an intraday low near $79,500 after failing to clear the $82,000 resistance zone earlier in the session . The move down ended a five-day rally that had pushed BTC above $82,000 for the first time since late January. Price currently hovers around $79,900, down roughly two percent on the day .
🔹 U.S. jobless claims came in at 200,000 versus the 205,000 expected
🔹 The resilient labor data weakened near-term rate cut expectations
🔹 Crypto-linked equities CRC