Bitcoin Peeps Above $56K, May Ignore US Jobs Report

Posted on by American Coins & Gold

Bitcoin Peeps Above K, May Ignore US Jobs Report
Bitcoin rallied to a five-month high Friday ahead of a monthly U.S. jobs report that could cement expectations the Federal Reserve (Fed) will start unwinding crisis-era stimulus starting in November.The top cryptocurrency by market value rose to $56,100, hitting the highest since May 12 and taking the month-to-date gain to 27%. It was recently trading about $55,270.The U.S. non-farm payrolls (NFP) report scheduled for release at 12:30 UTC on Friday is expected to show the world’s largest economy added 500,000 jobs in September, more than double August’s 235,000 additions. The jobless rate is expected to have dropped to 5.1% from…