Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report

Choppy Bitcoin Price Action Continues Ahead of Friday’s Jobs Report


The price of bitcoin (BTC) remained below $66,000 late in the day during U.S. trading hours Wednesday after a couple of modest rallies were met with quick selling action.

At $65,800 at press time, bitcoin was flat over the past 24 hours. Dragged down by 10% declines in bitcoin cash (BCH) and litecoin (LTC) the broader CoinDesk 20 Index is lower by 0.7%.

Bitcoin managed two rallies to around the $66,500 level on Wednesday, one move coming a softer than expected report on March growth in the U.S. service industry and another coming after Federal Reserve Chairman Jerome Powell said he continued to expect rate cuts this year despite continued

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