Investing.com– Bitcoin saw slight gains on Friday after the December jobs report but was set for steep losses this week as heightened concerns over slower U.S. interest rate cuts and potential coin sales by the government eroded sentiment towards crypto.
Crypto markets also largely tracked a downturn in broader risk-driven markets, as traders pivoted into safe havens such as and the dollar amid heightened economic uncertainty.
climbed 1.9% to $93,876.0 by 09:09 ET (14:09 GMT), after dropping as low as $92,474.1 earlier in the day.
Broader crypto prices also saw muted performance in tandem with Bitcoin.
Bitcoin heads for weekly losses
Bitcoin was trading down about 4.4% this week, its worst performance since late-September.
In addition to a broader risk-off sentiment, Bitcoin was also pressured by reports that the Department of Justice had received court…
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