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Bitcoin Price Jumps Ahead of Key US Inflation and Jobs Reports
The price of Bitcoin topped $69,000 early Monday for the first time in a week, with key economic reports due ahead of the U.S. election.
Stacy Elliott
By Stacy Elliott
Oct 28, 2024
2 min read
Image created by Decrypt using AI
Image created by Decrypt using AI

Déjà vu for the price of Bitcoin? BTC climbed back above $69,000 during European trading hours, after last setting this recent high-water mark just last week.

Bitcoin bounced above the $69,000 mark early Monday, though has cooled slightly since, dipping to a current price of $68,925 as of this writing. It's up 2% on the day, per data from CoinGecko.

Looking ahead, traders are entering an extremely busy period for macroeconomic factors. This week alone will include a new gross domestic product report for Q3, personal consumption data (which is used to track inflation), and a new jobs report on Friday.