Bitcoin lost about 3.5% and dropped nearly $2,000 ahead of important U.S. employment and inflation data, increasing volatility in the crypto market. Investors have adopted a wait-and-see approach, assessing how the statistics may influence the Federal Reserve’s future interest rate decisions.

Analysts note that the current decline does not yet resemble large-scale capitulation but rather a consolidation phase after the recent rally. In their view, the market is primarily reacting to macroeconomic risks and a broader deterioration in risk appetite.

Alongside Bitcoin’s drop, shares of crypto-related companies, including exchanges and mining firms, also came under pressure. This highlights the continued sensitivity of digital assets to global financial sentiment and macroeconomic developments.