Bitcoin fell below $70,000 for the first time since Wednesday, after climbing to $74,000 earlier this week.
The decline reflected a broader shift in risk aversion as investors took positions ahead of key U.S. macroeconomic data and the evolving war with Iran.
Attention is now focused on the US jobs report due out at 13:30 UTC. The unemployment rate is expected to remain unchanged at 4.3%, and nonfarm payrolls are expected to fall to 59,000.
Labor market data is closely watched because it can influence expectations for Federal Reserve interest rate policy, often causing investors to reduce exposure ahead of the data release.
The first week of the war with Iran is coming to an end, also leading to market caution and pushing up oil prices. WTI crude oil prices have climbed to around $83 a barrel, up more than 5% in the past 24 hours.
Meanwhile, the U.S. dollar index (DXY) rose above 99 and the 10-year Treasury yield rose to about 4.16%. Stocks were slightly weaker, with the Invesco QQQ ETF, which tracks the Nasdaq 100, down about 0.5% in pre-market trading.
Cryptocurrency-related stocks including Strategy (MSTR), Coinbase (COIN) and MARA Holdings (MARA) were also lower in pre-market trading.
