The Nasdaq, Dow and S&P 500 took a break as jobs data emerges and Bitcoin crosses $100,000

U.S. stock futures stalled on Thursday as investors awaited new jobs data and Bitcoin (BTC-USD) hit new all-time highs above the key $100,000 mark.

Futures on the Dow Jones Industrial Average () and S&P 500 () were little changed, signaling a pause in a record-breaking rally that saw the Dow close above 45,000 for the first time. Contracts on the tech-heavy Nasdaq 100 () moved below the flat line.

Investors are waiting for Friday’s monthly jobs report for a reality check on Jerome Powell’s optimistic assessment of the strength of the U.S. economy. While the Federal Reserve chairman said this meant policymakers could proceed cautiously, he stopped short of questioning the market’s belief in a rate cut in December.

According to the CME FedWatch tool, traders have slightly reduced their easing bets, pricing in a 74% chance that the Fed will cut interest rates by 25 basis points on December 18. That compares to about 77% on Wednesday and 67% a week ago.

A strong print in November’s nonfarm payrolls report on Friday could scupper those bets. Challenger’s November job cuts and weekly initial jobless claims numbers released Thursday form the basis for the report, the last key data point before the Fed meeting, itself the last before President-elect Donald Trump takes office.

Meanwhile, Bitcoin (BTC-USD) rose to around $102,500 after breaking through the key $100,000 mark late on Wednesday, continuing its stunning rally fueled by hopes of a crypto-friendly Trump administration became. The token’s latest surge came after Trump appointed Paul Atkins as chairman of the Securities and Exchange Commission.