Bitcoin pulls back to $90,000 as early Friday rally attempt fails

Market Overview - Bitcoin experienced a mid-morning surge to approximately $92,000 but retreated to $90,300, marking a nearly 1% decline over the past 24 hours [1] - In contrast, major U.S. stock indices showed positive performance, with the Nasdaq up 1% and the S&P 500 up 0.8% [2] Employment and Economic Indicators - The U.S. December employment report revealed job gains of only 50,000, below the forecast of 60,000, while the unemployment rate decreased to 4.4% from 4.6% [3] - The University of Michigan Sentiment Index for January increased to 54, surpassing expectations of 53.5, while one-year inflation expectations rose to 4.2% from 4.1% [4] Crypto-Related Stocks - Crypto-related stocks generally declined, with Coinbase (COIN) down 2.3%, Gemini (GEMI) down 4.5%, and Strategy (MSTR) down 5.6% [6] - However, bitcoin miners that have shifted focus to AI infrastructure, such as Hut 8 (HUT), IREN (IREN), and Core Scientific (CORZ), saw gains in the range of 2%-4% [6]