Bitcoin was trading lower ahead of the New York opening bell Friday as the US dollar rebounded despite its prevailing bearish setup.
As of 0649 EST, BTC/USD was changing hands for $10,289, down 0.53 percent from its daily open. The pair surged during the Asian and European session as a strengthening EUR/USD kept dollar bulls at bay. Investors bought euro as the European Central Bank left its existing monetary policy unchanged on Thursday.
Prospects of a weak US economic recovery also pressured the dollar, a move that benefited the safe-haven assets. Gold, for instance, rose in the early Friday session, with its spot rate rising 0.3 percent during the European trading session. Bitcoin, like Gold, surged on similar sentiments.
BTCUSD is trading inside a