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.