Investing.com– Bitcoin’s rose slightly on Friday, while broader crypto prices retreated as appetite for risk-driven assets remained weak amid uncertainty over a tight U.S. election and high interest rates.
The world’s biggest cryptocurrency was also set for weekly losses after it failed to cross a key level this week, amid a dearth of major positive trading cues.
rose close to 1% to $68,112.0 by 09:16 ET (13:16 GMT).
Bitcoin options worth $4.2 billion are set to expire on Friday- an event that could potentially increase crypto market volatility.
Bitcoin set for weekly loss
The token was set to lose about 1% this week, after it largely failed to cross $70,000, which has become a psychologically important level for markets.
$70,000 puts Bitcoin about $4,000 away from making new highs- an event that is expected to mark a bullish point for crypto markets.
