Bitcoin price hits $70K all-time high as US jobs data squashes US dollar
Bitcoin bulls reassess cycle dynamics as BTC price finally cracks the key $70,000 line.
Bitcoin (BTC) hit new all-time highs on March 8 after United States unemployment boosted the case for interest rate cuts.
Data from Cointelegraph Markets Pro and TradingView followed buoyant BTC price action as bulls sent the market into price discovery, reaching $70,184 on Bitstamp.
The largest cryptocurrency gained as the latest U.S. jobless data showed unemployment beating forecasts in February, indicating that inflationary pressures were waning at the hands of restrictive economic policy.
...