LIVE: Bitcoin smashes $88,000
22m ago•
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- Bitcoin has broken above $88,000, gaining almost 2% over the past 24 hours as crypto markets push higher.
- A surprisingly weak September jobs report showed just 29,000 new jobs, unemployment at 4.2%, and a 29,000 downward revision to August.
- Citigroup lifted its 12-month Bitcoin target to $113,000 and Ether target to $3,028, while projecting another $5 billion of crypto inflows.
- Elsewhere, gold is nearing $4,200, silver is above $61, oil has dropped below $90, the 10-year Treasury yield is at 5.22%, and tech futures are up around 0.6%.
22m ago•
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