Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical indicator moving averages converging, thus signaling sideways sentiment. After bitcoin prices jumped to their highest levels in nearly two months, up as much as $9,478 on Coinbase in early trading Thursday, dismal unemployment numbers cut the gains down to size.