Bitcoin Flat as Stocks Swell on Positive Jobs Report

[Paglamon]

While the market expects bitcoin to be calm over the next few days, attention is now on the economy, with the U.S. looking as if it turned a corner in May. However, some observers see fundamental problems ahead. 

Bitcoin (BTC) was trading around $9,735 as of 20:00 UTC (4 p.m. ET), gaining 1% over the previous 24 hours.

At 00:00 UTC on Friday (8:00 p.m. Thursday EDT), the world’s largest cryptocurrency by market capitalization was changing hands around $9,800 on spot exchanges like Coinbase. The price stayed around there until 10:00 UTC (6:00 a.m. EDT), when selling caused bitcoin to drop as low as $9,584. Bitcoin is now close to its 50-day and 10-day technical indicator moving averages, indicating sideways trading heading into the weekend.
Source: https://www.coindesk.com/market-wrap-bitcoin-flat-as-stocks-swell-on-positive-jobs-report