Multiple bearish factors, Bitcoin flash crash hits 91000 US dollars, gold 2632 non farm pre-market bearish pressure
On Friday (December 6th), the US dollar index fell to 105.75, and weak labor market data is driving down buying. Gold breathed a sigh of relief at $2632, and before the release of the non farm payroll report (NFP), Federal Reserve Chairman Powell issued a hawkish signal, hitting the precious metal market. Bitcoin experienced a flash crash, dropping to $91069 at one point before rebounding above $96500. While US President elect Trump congratulated Bitcoin on its major breakthrough, China and Germany's giant whales were heavily trading to lock in profits.
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