Bitcoin
BTC -3.94%
fell along with global stocks after a slightly higher than expected US inflation print and a jump in weekly jobless claims on Thursday.
Bitcoin price fell by around 2% over the past 24 hours and stood at around $60,600 as of 12:31 p.m. ET, according to The Block’s Bitcoin price page. Global stocks have also traded lower, with Dow futures down 0.45%, trading at 42,013. In Europe, the FTSE is down 1% at 8,219, while the DAX is down slightly by 0.05%, sitting at 19,084.
However, despite economic concerns, analysts remain optimistic about Bitcoin's long-term prospects, particularly in light of potential changes in monetary policy and the upcoming US election.
