Bitcoin is showing signs of weakness ahead of a long Easter weekend in many countries and the release of the U.S. jobs report for March on Friday. The world’s largest cryptocurrency by market value dropped 2% in the past 24 hours to below $27,800, after reaching as high as $28,800 earlier this week. U.S. stock markets will be closed on Friday for Good Friday. Bitcoin, of course, always trades. It is estimated that U.S. employers added 238,000 jobs in March, with the unemployment rate set to hold steady at 3.6%, according to data from Trading Economics. Traders watch the report for signs of inflation, which affects the Federal Reserve’s interest-rate policy and in turn prices of risky assets like bitcoin. The dollar edged up slightly on Thursday, and the price of gold extended its gains.
Related posts
-
Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target
The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches... -
Analysts Double Down on $200K Bitcoin Amid Trump-Harris Election Clash
Bitcoin’s rise appears unstoppable, with Bernstein projecting a $200,000 target for 2025, undeterred by potential market... -
Bitcoin Open Interest Dropped Significantly – Investors Cautions Amid US Election Week?
Este artículo también está disponible en español. Bitcoin has faced significant volatility and uncertainty as it...