Stocks Rebound Before Jobs Report; Broadcom Soars 16%, Bitcoin Struggles Below $89K

Stocks Rebound Before Jobs Report; Broadcom Soars 16%, Bitcoin Struggles Below K

Daily Bitcoin (BTCUSD)

Bitcoin stabilized around $88,949 early Friday after a volatile session Thursday, when it briefly dropped to $84,688 following President Trump’s executive order to establish a strategic bitcoin reserve. The announcement disappointed traders as it ruled out any immediate government purchases of bitcoin. Other cryptocurrencies, including Ether, XRP, and Solana, remained under pressure.

“Investors were hoping for near-term buying pressure from the government, but that…

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