Alex Ossola

The government shutdown delayed the release of the Labor Department's official January jobs report, so it'll be out next week rather than tomorrow.

But a bunch of other reports are signaling that the labor market got off to a rough start this year.

Some of those are other government reports, like the Labor Department one on job openings.

Those fell in December to their lowest level since 2020.

Other indicators are gloomy, too.

An estimate out today from Revelio Labs, a workforce data company, said the U.S.

lost more than 13,000 jobs in January.

And Challenger Gray and Christmas, which tracks layoffs, said companies announced more than 108,000 job cuts last month, the highest level for January in more than a decade.

Those concerns about the health of the U.S.

labor market, as well as worries about the tech sector, again weighed on stocks today.

The three major indexes each fell more than 1%, with the Nasdaq posting the biggest loss and closing down 1.6%, extending its worst route since April's tariff crash.

And today, Bitcoin fell below $64,000, trading at its lowest levels since October 2024.

That might come as a surprise to some who thought there would be a golden age for crypto under a friendly Trump administration.

Bitcoin hit a record high above $126,000 in October.

But in the months since, traders seem to have lost their appetite for crypto.

For more on what's driving the decline, I'm joined now by journal reporter Vicky Gohuang.

Vicky, in recent months, stocks have hit records and so have safe haven assets like gold and silver.

But Bitcoin has been on the decline.

What's going on there?

So on a sort of strategic level, how do investors think about Bitcoin?