Bitcoin price is trading around the $63,000 mark after breaking below its upward channel, indicating a potential shift in market sentiment.
The recent surge in the U.S. Non-Farm Payrolls for September, which far exceeded expectations, highlighted the resilience of the U.S. labor market and provided strength to the US dollar. This, in turn, has exerted downward pressure on Bitcoin prices.
This decline has prompted questions about what drives this shift and its potential impact on the cryptocurrency market.
Notably, Len Sassaman’s probability of being Satoshi Nakamoto on Polymarket has recently dropped to 30%, down sharply from a previous high of 55%.
Uncertainty Surrounding Satoshi Nakamoto’s Identity and Its Impact on Bitcoin Price