U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX's Collapse

The jobs data, due later Friday, is forecast to show that the pace of job additions in the world’s largest economy slowed sharply in June. Mt. Gox fears have put BTC on a path to its largest weekly decline since November 2022. Weaker-than-expected U.S. jobs growth could put a floor under BTC, according to Bitfinex. The payrolls data due Friday is expected to show that the pace of job additions slowed sharply in June. As the sell-off in bitcoin (BTC) becomes unhinged, one analyst is pinning hopes on Friday’s U.S. jobs report to temper the decline. Bitcoin, the leading cryptocurrency by market value, dipped below $54,000 early Friday amid reports that the defunct exchange Mt. Gox moved BTC worth $2.6 billion, supposedly for creditor repayments. Later on, Mt. Gox said that it has begun repaym