Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark

Key points: Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness. BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze. Evidence of dip-buying emerges on major exchange Bitfinex. Bitcoin (BTC) rejected from $116,000 at Friday’s Wall Street open as bulls sought a comeback … Read more

Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark

Key points: Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness. BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze. Evidence of dip-buying emerges on major exchange Bitfinex. Bitcoin (BTC) rejected from $116,000 at Friday’s Wall Street open as bulls sought a comeback … Read more

Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark

Key points: Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness. BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze. Evidence of dip-buying emerges on major exchange Bitfinex. Bitcoin (BTC) rejected from $116,000 at Friday’s Wall Street open as bulls sought a comeback … Read more

Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark

Key points: Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness. BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze. Evidence of dip-buying emerges on major exchange Bitfinex. Bitcoin (BTC) rejected from $116,000 at Friday’s Wall Street open as bulls sought a comeback … Read more

Bitcoin, Ether Start August on a Shaky Note as Dollar Index Tops 100; Yen Hits 4-Month Low Ahead of Nonfarm Payrolls

Major cryptocurrencies experienced two-way price action early Friday, as the dollar remained bid against major fiat currencies following President Donald Trump's announcement of new tariffs. Bitcoin (BTC) fell to $114,290, nearly testing the bullish trendline drawn off April and June lows, but has since recovered to trade near $115,900, according to CoinDesk data. Ether (ETH), … Read more