Bitcoin, Ethereum, Dogecoin Stay Muted As Investors Brace For September Jobs Report — Analyst Says Unemployment Week Drop Standard For King Crypto: ‘Dips Are For Buying!’
Leading cryptocurrencies moved sideways Thursday as investors awaited key employment data releases to gather insight into the economy’s health.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
| Bitcoin (CRYPTO: BTC) | -0.08% | $61,059.00 |
| Ethereum (CRYPTO: ETH) |
-0.72% | $2,370.40 |
| Dogecoin (CRYPTO: DOGE) | +0.30% | $0.1065 |
What Happened: Bitcoin wobbled in the $60,000 zone for much of the day before an overnight flourish saw it sail above $61,200.
Ethereum too meandered in the $2,300 region, failing to break above $2,400.
Sentiment has been damp since Iran’s missile barrage against Israel on Tuesday, with both Bitcoin and Ether correcting significantly, by 4.5% and 9.11%, respectively, since then.
Liquidations continued to bog the market down, with more than $192 million locked in the derivatives market getting erased in the last 24 hours. Upside bets accounted for 74% of the total.
Bitcoin’s Open Interest rose 0.85% in the last 24 hours, going against the price drop. This possibly indicated new short positions getting opened.
The coin’s Long/Short Ratio also surged to 1.09, indicating a higher number of traders placing …
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