Crypto
Bitcoin Cracks Through $85,000 Sell Wall Amid Lower-Than-Expected Jobs Report
Bitcoin broke through an $85,000 sell wall on the day of the U.S. jobs report, which came in lower-than-expected. The unexpected outcome may have contributed to the cryptocurrency's surge.
The sell wall refers to a large number of sell orders at the same price level, which can be difficult for buyers to overcome. In this case, Bitcoin managed to break through the barrier and continue its upward trend.
No further details were provided on the significance of the jobs report or how it may impact the cryptocurrency market in the long term.