Bitcoin rally cools amid macro risks

The Bitcoin rally has cooled as April jobs data failed to break through persistent macro headwinds, including renewed Iran tensions and outflows from Bitcoin ETFs. Spot Bitcoin and Ether ETFs experienced net outflows, ending a five-day streak of inflows. This shift occurred as doubts about an Iran ceasefire resurfaced, pushing Bitcoin back below $80,000. While April's nonfarm payrolls exceeded expectations, indicating solid job creation, they did not resolve broader macroeconomic concerns like energy inflation, leaving the market in a state of uncertainty.