Bitcoin fell to $74,888 on Friday, its lowest since August 21, after the strong US jobs report pushed December rate-hike odds to about 77%.
Stocks bounced back — the Nasdaq rose about 2% — but Bitcoin stayed flat near $76,000 and did not follow.
Risk: Bitcoin has now fallen five weeks in a row and sits below its 200-day average. If $75,000 breaks, $72,000 is the next level traders are watching.
$BTC
#JobsReportRaisesHikeOdds
Stocks bounced back — the Nasdaq rose about 2% — but Bitcoin stayed flat near $76,000 and did not follow.
Risk: Bitcoin has now fallen five weeks in a row and sits below its 200-day average. If $75,000 breaks, $72,000 is the next level traders are watching.
$BTC
#JobsReportRaisesHikeOdds
