The post Bitcoin (BTC) Price Retreats to $68K Following Dismal February Jobs Report appeared on BitcoinEthereumNews.com.

TLDR BTC experienced a 3.4% decline to approximately $68,000 on Saturday following a mid-week peak at $74,000 February employment data revealed a loss of 92,000 jobs, with unemployment climbing to 4.4% The greenback recorded its most significant weekly rally in twelve months, weighing on digital assets Large holders liquidated approximately 66% of their recent Bitcoin accumulation as retail continued buying Bitcoin ETFs experienced $348.9 million in redemptions — the highest single-day exodus in three weeks Bitcoin’s weekly trajectory began on an optimistic note but concluded with significant headwinds. After reaching $74,000 on Thursday, BTC reversed course dramatically, sliding back to approximately $68,000 by Saturday morning — representing a 3.4% decline over 24 hours. Bitcoin (BTC) Price The downturn followed disappointing employment figures from the Bureau of Labor Statistics, which revealed the U.S. economy shed 92,000 jobs in February. This stark contrast to economists’ projections of a 50,000 job increase caught markets off guard. Meanwhile, the unemployment rate ticked upward from 4.3% to 4.4%. Equity markets absorbed the shock as well. The Dow Jones Industrial Average plummeted over 900 points in early Friday trading. The Nasdaq Composite declined 1.7%. The broader cryptocurrency market mirrored Bitcoin’s weakness. Ethereum declined 4.4% to $1,974. Solana shed 4% to reach $84.31. Dogecoin retreated 2.9% to $0.09. XRP decreased 2.2% to $1.37. Despite Friday’s selloff, most leading digital assets maintained weekly gains. Bitcoin advanced 3.6% over the seven-day period. Ethereum posted a 2.6% increase. BNB climbed 2.1%. Whale Selling and ETF Outflows Analytics from Santiment revealed that large holders — addresses containing between 10 and 10,000 BTC — accumulated positions from February 23 through March 3 while Bitcoin traded in the $62,900 to $69,600 range. As BTC surged beyond $70,000 and reached $74,000, these same addresses offloaded approximately 66% of their recent accumulation. $BTC spot selling…

---

Filed under: News - @ March 7, 2026 8:25 am