Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop

Bitcoin climbed back above $62,000 once a weak US jobs report cooled bets on a near-term Federal Reserve rate hike, and the spot chart reads as a relief rally. The options desks trading Bitcoin's futures are pricing something more guarded. The US Bureau of Labor Statistics put June payroll growth at just 57,000, well below The post Bitcoin’s weekend rally faces a $66k trap as traders still hedge for another drop appeared first on CryptoSlate.