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Bitcoin Rebounds to $81K on Halving Hype Amid Jobs Data, Fed Transition Jitters

Bitcoin has rebounded to $81,398 as markets weigh the 2028 halving's scarcity boost against upcoming jobs data and Kevin Warsh's May 15 Fed chair start. The year opened near $94,000 with over $1 billion in initial ETF inflows, but profit-taking and liquidations triggered a ~40% crash to $65,000 lows before April's $2.43 billion inflows fueled a 21% rally testing $80,000 resistance via Deribit options hedging. Late-April $476 million outflows, U.S. debt exceeding $31.27 trillion GDP, and historical 11% post-FOMC drops now heighten volatility into the jobs report and earnings week.

Category

Bitcoin

Sentiment

Mixed

Event

Market commentary

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1 min