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Bitcoin Price at Risk as Open Interest Slips
Bitcoin price remained under pressure on Thursday as investors remained on the sidelines and as end divergence with the stock market gained steam. The BTC/USD pair retreated below 68,000, down sharply from the year-to-date high of 126,300. The BTC/USD pair dropped even as the stock market continued its strong upward trend, with the Dow Jones hitting a record high. This retreat happened after the United States published strong jobs numbers. A report by the Bureau of Labor Statistics (BLS) showed that the economy added over 130,000 jobs, while the unemployment rate retreated to 4.3%. However, analysts warned that the ... (full story)
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