Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data

Bitcoin Confined to Familiar Range as Stocks Rise Ahead of Payrolls Data
Bitcoin continues to trade in a familiar range as traditional markets exhibit improved risk appetite, with investors eyeing the release of the U.S. monthly employment report.The top cryptocurrency was trading near $57,000 at press time, extending a three-day-long consolidation in the range of $55,800 to $59,300.European stocks traded higher, tracking an overnight bounce on Wall Street, which saw the S&P 500 index surge 1.4%. However, gains were moderate, at best, with COVID concerns dominating the sentiment. Australia reported the first case of Omicron variant early Friday despite having travel restrictions in place. The U.S. also registered the first case early…