Bitcoin Surpasses $100K Before Retreating Amid Crypto Market Volatility

Mixed U.S. jobs data and ongoing trade tensions contribute to fluctuations in cryptocurrency prices and market uncertainty.

Bitcoin briefly exceeded $100,000 on Friday before retreating to $97,000-$98,000, reflecting a 1% daily increase but ongoing market volatility.
XRP saw a 7% daily rise to $2.47 following a midweek dip but remains down 19% over the week, with broader altcoin losses persisting.
The U.S. jobs report revealed lower unemployment (4%) but slowed job growth, leading to expectations that the Federal Reserve may maintain current interest rates.
Trade tensions, including newly enacted U.S.-China tariffs and retaliatory measures, have added pressure to the crypto market, alongside a recent AI-related tech selloff.
The global cryptocurrency market capitalization has dipped to $3.15 trillion, with analysts warning of continued volatility and advising cautious trading strategies.