2024-05-03 21:10:05
Bitcoin rose this Friday, 3rd, driven by Apple’s (NASDAQ:) quarterly results yesterday and April’s payroll data that indicated a slowdown in the US labor market, but the climb was insufficient to offset the accumulated losses in week, amid a consolidation phase after the halving.
At 4:34 pm (Brasília time), bitcoin was trading up 4.17%, at US$61,658.77, while it had gained 1.88%, at US$2,993.16. For the week, bitcoin fell 3.53%, and ethereum fell 5.78%.
Yesterday after the markets closed, Apple exceeded revenue expectations in the first quarter and announced a billion-dollar share buyback, which pleased investors and boosted risky investments. Also today, investors took new positions following the Federal Reserve’s (Fed) interest rate decision and US economic data this week. Today, the country recorded the lowest generation of job vacancies in six months, according to earlier payroll data, and this supports expectations for interest cuts this year, as indicated by monitoring by the CME Group.
“The enthusiasm around spot ETFs is fading, which is reinforcing selling by speculators,” said Alex Kuptsikevich, analyst at brokerage FxPro. “We should expect more price drops in the coming weeks”, he assesses, projecting that prices could be between US$51,000 and US$52,000.
*With information from Dow Jones Newswires
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