After an unusually strong start to the week, the price of Bitcoin, the biggest cryptocurrency with its market value, ended the week where it started well more or less at the same point. Meanwhile, stocks burst if the phrase was.
The debate about whether Bitcoin really follows the exchanges is always on the agenda. At this point, one week of data is not enough to make real conclusions. However, as of this week, it seems that traders want to track Bitcoin stocks once.
According to CoinMarketCap data, Bitcoin started the week at around $ 9,500, then rose to $ 10,200 as known on Tuesday. Subsequently, Bitcoin experienced a huge decline in minutes, once again disappointing.
Meanwhile, the US stock exchange was assembled and finished the week in a much better position than it started.
Like Bitcoin traders struggling to maintain their weekly highs, the S&P market also rose about 200 points this week.
Stocks have risen since the unemployment report came in the U.S. The report revealed that 2.5 million jobs were added to the economy in May, meaning the unemployment rate fell to 13.3%. This rate has fallen since April, when the unemployment rate in the US was 14.7%.
Now the only question in mind is what will it bring next week?