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Bitcoin falls to lowest level since April
Bitcoin dropped on Thursday to levels not seen in more than six months, as investors appeared to pull back exposure to riskier assets and weighed the prospects of another Federal Reserve rate cut next month. The flagship digital currency fell to as low as $86,325.81, its lowest level since April 21. It last traded at $86,690.11. The release of stronger-than-expected U.S. jobs data raised questions about whether the central bank would lower its benchmark overnight rate. The U.S. economy added 119,000 in September, well above the 50,000 economists polled by Dow Jones expected. That report sent the probability of a ... (full story)
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