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International Business Times
International Business Times
Business

Bitcoin Is Heading For Its Third Straight Winning Week. A Strong Jobs Report Complicated The Rally.

Bitcoin's latest advance followed a sharp change in momentum during the second half of August, when the cryptocurrency moved above $70,000 and later reclaimed $80,000. (Credit: Getty Images)

Bitcoin was on course for a third consecutive weekly gain Friday after climbing above $82,000 overnight, extending a rebound that began when the cryptocurrency broke out of the $60,000-to-$70,000 range that had held for much of the summer.

The world's largest cryptocurrency topped $82,000 and reached its highest level since May 11, before falling more than 2% at 1:36 p.m. ET.

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