Bitcoin dives again after disappointing jobs report, ending midweek rally

Bitcoin was barreling towards its best week in a month, but on Friday that momentum quickly dissipated. Since Wednesday, the largest cryptocurrency slumped roughly 7% to its current price of about $69,000, according to Binance. The downturn occurred following a lower than unexpected jobs report, spooking investors in the traditional stock market and in digital assets. 

“The jobs number impacted all risk-on assets,” said Boris Alergant, head of strategic initiatives at Babylon. “During sell-offs like this...