Bitcoin fell below $67,000 on Wednesday as investors awaited delayed U.S. jobs data that could influence Federal Reserve interest rate decisions. The world's largest cryptocurrency traded 2.6% lower at $67,126.7 by 02:46 ET, struggling to maintain gains above $70,000 despite recent rebounds from last week's slump near $60,000.

The delayed employment report, pushed back due to a government shutdown, is expected to show modest job gains of about 70,000 in January with unemployment holding steady near 4.4%. Traders are also eyeing Friday's Consumer Price Index release for further inflation cues. Market participants expect the Fed to hold rates steady until June after three consecutive cuts in late 2025.

Typically, expectations of easier Fed policy would buoy risk assets like Bitcoin by reducing the opportunity cost of holding non-yielding assets. However, this cycle has differed, with Bitcoin's price remaining subdued despite Fed cuts. Analysts cited reduced liquidity, weak institutional interest, and fading speculative demand as factors weighing on the digital currency. Meanwhile, Robinhood Markets shares tumbled over 8% in after-hours trading after reporting weaker-than-expected quarterly earnings, with crypto-related revenue falling sharply amid subdued market demand.