The tensions between Iran and Israel had a negative impact on Bitcoin, causing it to briefly fall below $60,000. Analysts predict that the decline in Bitcoin may continue, but the focus is now on the Non-Farm Employment data from the USA to determine the future interest rate cuts by the FED. The data, released on the first Friday of each month, is closely monitored by investors to understand the state of the economy. The announced Nonfarm Payrolls Data exceeded expectations, while the unemployment rate remained stable. Fed Chairman Jerome Powell stated at a conference that they will rely on data to make decisions regarding rate cuts, and if the economy performs as expected, two more rate cuts totaling 50 basis points can be expected this year.



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