Bitcoin pulls back to near $71,000 even as software sector soars

The two battered markets have had a nearly one-to-one correlation in recent months, but are moving in opposite directions on Thursday. What to know : Bitcoin's rally is taking a breather in U.S. trading on Thursday morning, with the price barely holding above $71,000 after challenging $74,000 a few hours ago. Crypto is declining even as the iShares Expanded Tech-Software Sector ETF (IGV) has risen more than 2%. Tomorrow brings the key U.S. jobs report for February as traders rapidly cut bets on any more Fed rate cuts in the first half of 2026.