From Investing.com: 2024-05-10 01:48:07

Bitcoin price remained unchanged at $62,745.3 as traders stayed cautious amidst soft U.S. labor data and potential interest rate cuts. Regulatory fears weighed on prices, with the SEC targeting major crypto players and the shutdown of a privacy coin trading platform. Sustained outflows from crypto investment products, like spot Bitcoin ETFs, also impacted the token. Despite this, Bitcoin traded in a range established since March’s all-time highs. Altcoins saw minimal movements as anticipation of U.S. CPI data limited trading activity, with Ethereum being the top performer for the week. Interest rate cut hopes may continue to pressure crypto markets.



Read more at Investing.com: pinned at $62k as weak dollar offers little relief By Investing.com