Bitcoin and other cryptocurrencies were rising Friday, but the looming U.S. jobs report makes cryptos vulnerable given their sensitivity to the macroeconomic picture and a correlation between digital assets and stocks.
The price of Bitcoin has risen 1.5% over the past 24 hours to just shy of $20,600. The largest crypto came perilously close to breaching the $20,000 level earlier in the week following the market’s negative reaction to the latest monetary policy decision from the Federal Reserve, but has since rebounded.
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