Bitcoin Struggles to Copy Stocks Relief Amid Strong US Jobs Numbers
14 Articles
14 Articles
Bitcoin Struggles to Copy Stocks Relief Amid Strong US Jobs Numbers
Bitcoin diverges from stocks in early Wall Street trading, dropping below $75,000 after US nonfarm payrolls data beat expectations.
Bitcoin is around $75,500 after an October employment report three times higher than expected. The Fed and the Nasdaq mark the course. The Bitcoin entry clings to $75,000 after an October employment data far above expected appears first in Merca2.
Bitcoin falls below $75,000 as $2B losses and jobs data pressure market - The Blockopedia
Bitcoin briefly fell below $75,000 on Friday as a tech-stock selloff and a stronger US jobs report added to pressure on crypto markets. The move came after holders realized more than $2 billion in losses over three days, according to CryptoQuant analyst Darkfost. That is a heavy dose of capitulation, perhaps enough to keep buyers […] The post Bitcoin falls below $75,000 as $2B losses and jobs data pressure market appeared first on The Blockopedi…
Bitcoin Price Falls Below $75,000 as Crypto Market Lags Behind Tech Stocks
Bitcoin fell below the $75,000 mark on Friday, November 6, reaching $74,762 during US trading hours and recording its lowest price since August 21. The decline came as cryptocurrency markets failed to follow the recovery in US technology stocks, with the Nasdaq Composite gaining 1.8% in the first hour of trading. The latest pressure on […]
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