Bitcoin Buckles Day Before U.S. Jobs Report

Bitcoin ( $75,837.00 ) is showing signs of weakness ahead of a long Easter weekend in many countries and the release of the U.S. jobs report for March on Friday. The world’s largest cryptocurrency by market value dropped 2% in the past 24 hours to below $27,800, after reaching as high as $28,800 earlier this week. U.S. stock markets will be closed on Friday for Good Friday. Bitcoin ( $75,837.00 ) , of course, always trades. It is estimated that U.S. employers added 238,000 jobs in March, with the unemployment rate set to hold steady at 3.6%, according to data from Trading Economics. Traders watch the report for signs of inflation, which affects the Federal Reserve’s interest-rate policy and in turn prices of risky assets like bitcoin. The dollar edged up slightly on Thursday, and the price of gold extended its gains.