Crypto Blog
Bitcoin’s price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
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