"Bitcoin price is trading at lows of $85,980, down over 1% over the past 24 hours, with a 24-hour trading volume of $87 billion. The top cryptocurrency is currently 5% below its seven-day high of $92,944 but is currently making new seven-day and seven-month lows. With a circulating supply of 19,950,600 BTC out of a maximum of 21 million, the global Bitcoin market cap is $1.78 trillion, reflecting a 1% decline over the past day."
"The U.S. labor market showed unexpected strength in September, according to data released by the Bureau of Labor Statistics after a six-week delay due to the government shutdown. Nonfarm payrolls increased by 119,000, more than double economists' forecast of 50,000, although the unemployment rate ticked up to 4.4% from 4.3%. August's reading was revised to a 4,000-job loss. This report, normally released in early October, marks the resumption of official economic data and will be followed by further updates in mid-December."
Bitcoin is trading near $85,980, down just over 1% in 24 hours with $87 billion in trading volume and a $1.78 trillion market capitalization. The price stands about 5% below a seven-day high of $92,944 while establishing new seven-day and seven-month lows amid a circulating supply of 19,950,600 BTC out of 21 million. Intraday volatility saw a move above $92,000 overnight before a sharp drop into the $86,000s. The Bitcoin Fear and Greed Index registers Extreme Fear. Stronger-than-expected U.S. payrolls and Nvidia's robust $57 billion revenue boosted risk assets, while the 10-year yield held near 4.11%. Tech-driven liquidity remains a key influence on crypto market dynamics.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]