• The price of Bitcoin dipped below $81,000 early Friday, its lowest level since April, with the cryptocurrency's slide leaving it on track to post a fourth straight week of declines.
• Uncertainty about an AI bubble and Federal Reserve interest rate policy has contributed to volatility in U.S. stocks recently, along with riskier assets such as crypto.

When markets are booming and the economy is doing well, investors may have more appetite for relatively speculative, volatile asset such as cryptocurrencies. They may pull back in favor of safer assets, such as Treasury bonds or gold, during times of heightened uncertainty, however.

Thursday's jobs report—data for September that was delayed by the government shutdown—failed to provide clarity on the future path of interest rates that could have potentially slowed or reversed Bitcoin's recent slide. The report showed more jobs were added than expected, while the unemployment rate also rose when it was forecast to stay roughly flat.

That combination of solid hiring and rising unemployment could add fuel to the fire of arguments both in favor and against the Fed cutting interest rates at its meeting next month, underscoring the uncertainty that is pressuring bitcoin's price, analysts from Bitunix said.