Bitcoin rally cools as April jobs fails to break macro ceiling with Iran tensions and ETF outflows in play

Bitcoin's recent rally has shown signs of cooling, with the digital asset maintaining a price point around $80,200. This stabilization comes as several factors exert pressure on its upward momentum. Key among these are the latest April nonfarm payrolls report, which exceeded market expectations, potentially influencing broader macroeconomic sentiment. Additionally, ongoing geopolitical tensions involving Iran continue to introduce uncertainty into global markets. The rally is further checked by persistent outflows from Bitcoin Exchange Traded Funds (ETFs), indicating a reduction in institutional demand.