Bitcoin held steady around $92,000 on Thursday, recovering after briefly slipping under the crucial $90,000 mark in the prior session. Traders remained cautious as they balanced mixed signals from the Federal Reserve and waited for the long-delayed U.S. jobs report.

The leading cryptocurrency was last seen trading flat at $91,882.4 at 02:11 ET (07:11 GMT).
Over the past 24 hours, Bitcoin had dropped to a low of $88,610.4 before rebounding back above the $90,000 level.

Fed Outlook Still Unclear as Markets Await Jobs Report

Minutes from the Federal Reserve’s Oct. 28–29 meeting showed widening disagreements among policymakers about whether to cut interest rates at the upcoming Dec. 9–10 meeting.

Several members supported a rate cut if economic conditions deteriorated, while others pointed to stubborn inflation and argued that holding rates steady might be the safer option.

Following the release of the minutes, market expectations for a December rate cut declined.

Adding to the uncertainty, the Bureau of Labor Statistics confirmed that it will not publish the October employment report. The 43-day federal government shutdown halted the collection of the household survey, making the report impossible to complete.

Instead, the establishment-survey data for October will be combined with November’s figures and released on Dec. 16—after the Fed meets to set policy.

In the meantime, the delayed September jobs report is expected later Thursday, making it the only complete labor-market reading available before the December meeting.

“This environment gives the Federal Reserve room to avoid a rate cut, thanks to the ‘fog’ Chair Powell referred to,” analysts at ING wrote in a note.

Amid this uncertainty, the broader crypto market is beginning to show strain. Bitcoin’s struggle to stay above the $90,000 mark highlights just how fragile its recent momentum has become.

The token has slid sharply from its early-October high above $120,000, as traders pulled back from risk assets amid policy ambiguity and the lack of key economic data.

Crypto prices today: Altcoins remain stuck in tight ranges

Most major altcoins extended their declines on Thursday, reflecting the cautious sentiment across markets.

• Ethereum, the second-largest cryptocurrency, slipped 1.8% to $3,025.20.
• XRP, the third-largest, fell 1.6% to $2.13.
• Solana posted a slight uptick, while Cardano and Polygon edged lower.

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