🟢 iShares Bitcoin Trust ETF is trading 4.7% up today as Bitcoin rebounds from a five-day slide

iShares Bitcoin Trust ETF is trading 4.7% up today as Bitcoin and broader crypto markets recover from a five-day slide driven by hawkish Federal Reserve expectations.

• The ETF is bouncing back from oversold levels after hotter-than-expected U.S. jobs data previously pressured risk assets and Bitcoin.
• Bitcoin prices firmed over the weekend and moved higher into Monday's pre-market session, providing a positive catalyst for spot ETFs.
• The recovery occurs despite a lack of new major U.S. macroeconomic data, indicating a technical reversal from the recent downward trend.