Bitcoin sees big overnight rally as ETF demand returns before the next US jobs test
4 Articles
4 Articles
Bitcoin accelerates on Friday (2) and renegotiates above $86,000, supported by a weaker payroll than expected in the United States and the resumption of ETF entries in view of cryptocurrencies. At around 11:30 a.m., bitcoin rose 3.4% in 24 hours, to $86,124.20, according to CoinGecko. In Brazil, it was traded at R$450.111.24, at 2.88%, according to the CoinTrader Monitor. The American economy created 29 thousand vacancies in September, below 84 …
Bitcoin surged above $86,000 ahead of the US employment data release. The closing of short positions supported the rise, and the market is now focused on whether the recovery will be strengthened by new buying. The critical report will be released at 3:30 PM Turkish time.
🚀 Bitcoin reached $86,913, its highest level since September 23. 💰 A total of $6.1 billion inflows were recorded into spot $BTC ETFs in August and September. 📊 While open positions and funding rates increased, short positions accounted for 72% of liquidations in the last 24 hours. 👀 The US employment data to be released today at 15:30 will be a critical test; $82,500 is being watched as support and $87,400 as resistance for Bitcoin. Read Mor…
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