Bitcoin prices eased ahead of hugely awaited U. S. jobs report on Friday as investors pinned their hopes on economic recovery. The spot bitcoin rate fell 1.32 percent to $9,659 per token, while CME futures linked to the Bitcoin market were down 1.89 percent at $9,715. In contrast, the U. S. futures were trading higher, with the benchmark S&P 500 hinting to open Friday 1.48 percent up. Bitcoin prices were under pressure after crashing from $10,428 to as low as $9,270 earlier this week. While the benchmark cryptocurrency managed a rebound above $9,500, a crucial resistance level that flipped to support, its recourse weakened near $9,700. That left traders in a choppy price range. The profit-taking near $9,700 led bitcoin to correct lower, leaving behind its uncanny positive correlation with
Leave a Reply