Bitcoin slips below $59,000 as strong dollar and Fed uncertainty weigh on sentiment

Bitcoin slipped below the $59,000 mark, down 0.49% in the past 24 hours, while Ethereum edged up 0.15% to around $1,590. The weakness is driven by a strong US dollar, muted spot Bitcoin ETF outflows, and uncertainty ahead of key US jobs data and upcoming Federal Reserve policy signals. Analysts note that long-term holders remain largely unmoved and institutional buyers are yet to return in meaningful numbers, keeping Bitcoin range-bound near the $60,000 support level. Global crypto market capitalisation was unchanged at $2.06 trillion.