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

Bitcoin's recent surge has lost some momentum despite April's better-than-expected nonfarm payrolls data, hovering around $80,200 as geopolitical tensions with Iran and outflows from ETFs temper enthusiasm. The macroeconomic environment remains a significant constraint, and these external factors are proving influential in tempering the crypto's upward trajectory. This situation underscores the complex interplay between global politics, financial markets, and cryptocurrency trends, suggesting that Bitcoin's growth may continue to face hurdles unless these underlying issues are resolved.