Here's Why Bitcoin's Surge Is Inevitable This Weekend
The Bitcoin (BTC) market fell prey to volatility ahead of the weekend. The king coin rose from a low of nearly $60,000 to a high of about $61,700. To be precise, the asset saw a 2% spike over the past 24 hours. It looks like BTC was still maintaining momentum, trading at $61,562.18 during press time. Also Read: Dogecoin: Can DOGE Continue Its Hotstreak Through The Weekend? Factors Influencing Bitcoin’s Surge Source Bitcoin Profitability Data Based on the data from IntoTheBlock, more than 44 million BTC addresses, or more than 82% of all Bitcoin addresses, are currently profitable. The latest uptick was tied to the U.S. Bureau of Labor Statistics’ publishing of the September jobs data. This data is expected to significantly shape the Federal Reserve’s policy orientation in the upcoming months. According to market analysts, this might impact cryptocurrency prices. Also Read: Shiba Inu: How High Can SHIB Rise This ‘Uptober’? Buyers Are On A Shopping Spree The market is still sk...