Bitcoin drops below $17,000 ahead of US jobs report

The price of Bitcoin fell below $17,000 after a short-term rise in the value of the cryptocurrency above this value, Report informs referring to Interfax.

The decrease was 0.05%.

According to MarketWatch experts, the US jobs report for November, which will be released later on December 2, will be critical for the dynamics of cryptocurrency assets.

The cryptocurrency market has lost more than $1.4 trillion this year due to a number of problems, including unrealized projects and a lack of liquidity due to the global economic downturn. These difficulties have led to many companies dealing with cryptocurrencies facing a chain of bankruptcies.

FTX, one of these companies, which bears the same name as the exchange, filed for Chapter 11 bankruptcy in early October. Before that, another major cryptocurrency exchange, Binance, which was planning to purchase FTX assets, abandoned the deal.