Bitcoin Edges Downward as Traders Take Stock of Iran Volatility
Cushions at a Bithumb exchange office in Seoul.
Photographer: Jean Chung/BloombergBitcoin dipped below $68,000 as investors digested the release of US economic data and grappled with developments in the Middle East.
The world’s largest cryptocurrency slumped as much as 4.8% on Friday, dropping to as low as $67,742 in New York trading. A weaker-than-estimated US jobs report added to worries about the country’s economy, with traders looking ahead to the possibility of interest rate cuts at a Federal Reserve meeting later this month.