Bitcoin remains in tight range under $70,000 ahead of Wednesday's U.S. jobs report

Two Trump administration officials suggested markets should brace for weaker-than-expected January employment data. What to know : Bitcoin and crypto in general slipped around the U.S. stock market open, but quickly recovered, with BTC returning to above $69,000. Analysts say bitcoin's latest drawdown, the steepest since the 2024 halving, has come on low spot trading volumes, suggesting retail investors have mostly stepped aside while leveraged derivatives drive price moves. Wednesday will bring the closely-watched U.S. employment data for January, and two Trump administration officials suggested the numbers could be weaker than forecast.