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Bitcoin gains before US jobs report
Bitcoin experienced a slight increase of 0.4% to around $65,000, with trading continuing within a limited range between $62,000 and $65,000, ahead of the release of the U.S. non-farm payroll data that could influence interest rate expectations. The forecasts indicate a modest rise in job growth, although overall growth remains weak, which might boost the likelihood of interest rate hikes in the United States. The cryptocurrency market has recently been impacted by a decline in optimism regarding an Iranian agreement to reopen the Strait of Hormuz. Additionally, shares of Bitcoin mining company Mara have fallen more than expected due to a drop in Bitcoin prices, marking its third consecutive quarterly loss.
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