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Bitcoin Edges Higher After the U.S. Jobs Report appeared on www.barrons.com by Jack Denton.
Bitcoin
and other cryptocurrencies edged higher after the release of the U.S. jobs report for March. With stock markets closed for Good Friday, cryptos could have been a leading indicator of risk sentiment—but those hopes have so far fallen flat with muted moves.
The price of Bitcoin has risen less than 1% over the past 24 hours to near $27,970, up from around $27,900 before the release of the labor market data. The largest digital asset was holding below the $28,000 level at which prices have recently hovered—around the highest level since the crypto crash accelerated last June, though below a recent spike to near $29,500. Bitcoin has surged some 70% so far this year in a move that has spurred calls of a new bull market.
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This article originally appeared on www.barrons.com by Jack Denton – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.
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