Bitcoin and ether prices flattened in Wednesday trading as investors weighed the latest jobs data suggesting the economy isn’t finished growing.
Bitcoin’s (BTC) price slumped a fraction of a percentage point on Wednesday but climbed back above the $20,000 level after slumping below earlier in the day. BTC had declined overnight and accelerated for several hours, with the sharpest decline occurring during the 13:00 UTC hour (9:00 a.m. ET), as U.S. traditional markets opened and ADP’s Employment report on job creation in the private sector arrived hotter than expected. BTC volume during the downturn exceeded its average volume during that time frame by 5 times.
Ether’s (ETH) price’s also declined, as the second-largest cryptocurrency by market capitalization fell 0.95%, erasing a portion of its gains from the prior two days. ETH’s biggest drop occurred during the 13:00 UTC (9:00 a.m. ET) timeframe. ETH prices are down 19% since the Merge, the Ethereum network’s conversion from a...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...