Bitcoin fell over 2% as US jobs data failed to boost crypto, dropping below $109,500. Bulls couldn’t turn $112,000 into support despite weakening labor market. Market sees retest of $100,000 support. Gold outperforms crypto and stocks, signaling potential Fed interest rate cut. Inflation concerns linger despite possible rate cut in September. Gold breakout fueled by inflation and deficit spending.

Read more at CoinTelegraph: Bitcoin Price Weakness Returns With a Trip Below $109,500