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Bitcoin Gives Back Its Overnight Gain As Brent Tops $100
Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap disclosed in an 8-K filed Tuesday. U.S. spot bitcoin funds recorded their first outflow since Sept. 1.
Bitcoin Holds $77,000 After Weak Hiring Print
ADP reported 38,000 private jobs added in August, down from 44,000 in July, and traders raised the odds of a September Federal Reserve increase anyway. Eighty-four of the 125 largest non-stablecoin tokens fell, gold rose 0.84% and the Nasdaq 100 dropped 1.29%.
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