Bitcoin 
$64,709‘s price volatility continues as it dropped to $76,600 before bouncing back to $80,000 within 24 hours. However, this increase is not enough to restore confidence in the market. As altcoins are setting new all-time low levels, global uncertainty has significantly dampened risk appetite, prompting questions about the future direction of cryptocurrencies.
US Data Released
The JOLTS (Job Openings and Labor Turnover Survey) report, which compiles data on job openings and separations, serves as an important indicator of workforce demand and labor turnover, reflecting the overall health of the economy. In the current environment of recession discussions, a disappointing report could further complicate the Federal Reserve’s position.
Despite Trump’s indifference, the risk of recession is becoming more apparent, exacerbated by retaliatory measures from countries he attempts to discipline with tariffs. The JOLTS report indicated that job openings had decreased to 7.6 million in December. It was expected that this figure would remain stable at 7.6 million for this month’s data.
However, the reported figure exceeded expectations at 7.74 million. This significant data point indicates the health of the labor markets and may help to alleviate recession fears to some extent.
