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Previously, on Stranger Crypto Kai Things of Power… the supposedly riskiest of risky asset classes was looking for a potential spark (as were we) based on the latest US jobs data report. Yeah, that didn’t happen.
To be clear, the American jobs report happened, but it was a fizzer for risk markets, which were hoping (somewhat selfishly and perversely perhaps) for a more significant slowdown of growth.
The unemployment rate declined to 3.5% versus expectations of 3.7%, and the labour participation rate was 62.3% – pretty much the same as the 62.4% rate the month before.
Consequently, Bitcoin, which was looking to try to hold a position above the round, juicy psychological level of US$20k, slipped right back under 19.5k again, where it’s hovering now and scratching its chin as it waits around several hours for the US stock markets to open on their Monday morning.
Onto some general daily crypto price action and other happenings.
Top 10 overview
Did we say daily price action? Not...
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