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Bitcoin also takes a hit on US jobs report
In case anyone does not think BTC is mainstream enough these days to react to important US data, then this afternoon is a classic reminder that it is. BTC slumped on the US jobs report this afternoon. Prior to that the rise above 95k had seen it top out at 95,284, as reported on earlier this morning. The slide subsequent to the US jobs data saw it crumble to below 93k, hitting a low at 92,775. It has bounced off that low now, but at this stage not convincingly so. As to whether it can regain upside momentum remains to be seen and also depends on how the wider markets trade from here on, with special focus on stocks, the dollar and US yields. BTC is right now at 93,715
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