Whipsawing Bitcoin Price Fuels ETF Investors' Uncertainty

Bitcoin's price has been whipsawing around $77,000 as ETF investors follow suit. This comes on the heels of a strong US jobs report, which added 162,000 jobs in August and exceeded expectations.

The jobs report helped boost inflation expectations, which could lead to higher interest rates and a negative impact on Bitcoin's price. However, some analysts believe that Bitcoin may be leaving its traditional 4-year cycle behind for a longer-term Wall Street rhythm of 6-8 years.

In related news, the British investor who thought he had lost $2,000 in Bitcoin in 2012 has just recovered $4.5 million from his old wallet. This is one of several recent cases where people have recovered large sums of money from forgotten or abandoned cryptocurrencies.