Bitcoin Holds Near $84K Following Strongest Quarter Since 2024
Bitcoin is catching its breath near $84,000 after capping its best quarter in two years, with traders glued to their screens waiting for U.S. jobs data.
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Key takeaways
- Bitcoin is holding flat near $84,000 after wrapping up its best quarterly run since 2024.
- U.S. interest rates dipped following an overnight spike.
- Traders are bracing for volatility ahead of Friday's U.S. employment report.
Bitcoin hovered near $84,000 on Thursday, trading flat after locking in its strongest quarterly performance since 2024.
This price pause mirrors the broader economic picture. U.S. interest rates pulled back after a fast overnight surge, cooling down while investors brace for Friday's crucial U.S. employment report.
Why it matters
Macro trends are driving crypto prices in the short term, pure and simple. Even after a stellar quarter, traders are sitting on their hands until those fresh U.S. jobs numbers drop. Count on economic data to dictate whether Bitcoin breaks out or drags back down to retest support in the coming days.
Source: CoinDesk
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