Bitcoin fell for the third straight day on Friday as lingering geopolitical tensions and rising oil prices pushed the U.S. dollar higher. Reports godbole17
Bitcoin fell for the third straight day on Friday as lingering geopolitical tensions and rising oil prices pushed the U.S. dollar higher.
The haven bid for the greenback strengthened during Asian hours triggered by a flight to safety as Russian forces started shelling Europe's largest nuclear power station in Ukraine. Asian stocks tanked to a 16-month low while oil remained in demand above $110 per barrel on both sides of the Atlantic.
The U.S. Labor Department's closely watched employment report is scheduled for release at 13:30 UTC. The report is expected to show that average average hourly earnings rose another 0.5% in February, pushing the year-over-year gain to 5.8%, according to Bloomberg. The non-farm payrolls figure is likely to show the economy added 415,000 jobs, pushing the unemployment rate down to 3.9% from 4%.
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