Markets
First Entrant in America: Bitcoin Falls $60,000
Bitcoin traded around $57,000 during the European morningafter a pullback to the $60,000 resistance level on Thursdaydown 2.4% in the past 24 hours. The CoinDesk 20 Index (CD20) fell 2.3%. Bitcoin climbed above $59,000 on Thursday after the U.S. reported its first consumer price cut in four years, a positive sign for the prospect of a Fed interest rate cut. Bitcoin’s inability to sustain a sustained rally, despite positive macroeconomic news, suggests further price weakness is ahead.