$BTC Bitcoin trades down as caution descends ahead of US jobs report.

The world's largest cryptocurrency by market capitalization declined on Thursday as traders looked with caution toward Friday's U.S. jobs report. The Dow Jones Industrial Average rose 0.1%, while the S&P 500 crept up only 0.8%.

The monthly U.S. jobs report will give further signals on whether current monetary policy is tackling inflation. It could also provide some interest rate expectations before the Federal Reserve's last meeting of the year on Dec. 13.

Bitcoin, which tends to correlate with major equity indices, was down 1.2% at 1:22 p.m. ET, changing hands for $43,383.