iShares Bitcoin Trust ETF is trading 5.1% up today as Bitcoin rebounds from a sharp five-day slide tied to hotter U.S. jobs data and a hawkish Federal Reserve outlook.
- Today’s move reflects significant dip-buying and a broader risk-on tone across major indices as investors reassess the severity of tightening risks.
- Bitcoin and Ethereum are bouncing alongside equities after resilient labor markets and higher-for-longer rate expectations pressured risk assets late last week.