Major coins flashed red as Global on Thursday night cryptocurrency The market cap was down 1% to $959 billion as of 8:57 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -1.25% | 2% | $20,019.36 |
| ether ETH/USD | -0.5% | 0.9% | $1,358.30 |
| Dogecoins DOGE/USD | -2.5% | 4.4% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| Kasper (CSPR) | +11.8% | $0.035 |
| XDC network (XDC) | +5.1% | $0.03 |
| Raven Coin (RVN) | +3% | $0.036 |
See also: How to get free crypto
Why It Matters: Bitcoin and ether was trading lower on Thursday evening after major US stock indexes fell during the day. At the time of writing, the S&P 500 and Nasdaq futures are down 0.2% and 0.25%, respectively.
Investors remain nervous about the September jobs report, which is due out on Friday.
“US stocks rallied on the eve of the payroll, digesting another round of hawkish Fed talk. Minneapolis Fed President Neel Kashkari signals there will be no Fed pivot until financial conditions significantly deteriorate from here,” he said Edward Moyaa senior market analyst at OANDA.
“Bitcoin appears to be consolidating around $20,000 as much of Wall Street awaits Friday’s nonfarm payrolls report,” Moya said in a note viewed by Benzinga.
“Many of the crypto headlines focus on recent space woes but lack a new bearish catalyst. Bitcoin’s next big move will likely be determined by what the next big move in interest rates is, and we’ll find out tomorrow morning.”
Justin Bennett said that cryptocurrency markets have been “dull” lately, particularly bitcoin-related actions.
“However, this was a range trader’s dream. I still think it’s only a matter of time before short-term liquidations run between $20,450 and $20,800,” the trader said on Twitter.
Some pretty boring markets…
