Bitcoin rises further above 60k as it tracks stock futures higher

The noted earlier lift in BTC to touch the 60k handle during the Asian session was then followed by a relapse to below 59k earlier this morning. It was already off the lows when the US jobs report hit the screens and sent all the US stock futures markedly higher. So, given the recent positive correlation between BTC and the Dow Jones, it should come as no surprise to see that the surge in the Dow Jones futures delivering a corresponding rise in BTC and that is exactly what it did. Bitcoin has jumped back above 60k and extended on that break so far. The high seen was set just above 60,950. It is currently trading at 60,925