Bitcoin's price dropped nearly 3% after the U.S. Bureau of Labor Statistics reported 7.1 million job openings, falling short of expectations and down from the previous month's 7.4 million. This data, released on Tuesday, highlighted a softening labor market, prompting investor concerns about potential interest rate cuts and leading to institutional caution. The cryptocurrency's trading price fell below $91,000, marking a significant daily decline. The market reaction included notable outflows from Bitcoin ETFs, reflecting financial caution amid discussions of future economic policies. The bearish outlook for the U.S. dollar, coupled with the job data, has contributed to Bitcoin's volatile market response.