At 08:30 GMT, the British economy released it reading for the Claimant Count Change for August, which increased by 28.2 thousand, lower than forecasts of 29.3 thousand, while the previous reading was revised to 19.8 thousand from 28.0 thousand, this statement is positive for pound sterling.
At 08:30 GMT, the British economy released it reading for the unemployment rate at 3.8% for the three months that ended in July, better than the forecasts and the previous reading of 3.9%, this statement is positive for the British economy.
Bitcoin fell in spot trading today, for the third consecutive day, heading to give up the $10,000 barrier, as demand slowed, which is reflected in the decline of the currency's lead over the market's trading from the highest level in two and a half years.
At Bitstamp, Bitcoin fell by 0.8% or $84%, to $10,233, from the opening of $10,317, with a high of $10,390.
Yesterday, Bitcoin shed 0.9%, its second consecutive daily loss, and hit a 1-week low of $10,060.
The total market cap of cryptocurrencies fell by $1 billion today, to $264 billion, with most of the major cryptos falling led by Bitcoin.
While Bitcoin is currently heading to give up the $10,000 barrier, as demand slowed, which appears in the decline of the currency's lead over the market's trading, from the highest in two and a half year.
Bitcoin's lead over the market's trading reached 69.5%, below its highest level in two and a half years at 71.25% reached earlier in the week.
This reflects that the market participants are not very optimistic before the official launch of the Bakkt Bitcoin futures platform, which will start on September 23rd.
Compared to the launch of the CME Bitcoin futures trading platform in December 2017, the crypto market rose strongly, and Bitcoin hit an all-time high near $20,000.
While market's experts see that after the official launch of Bakkt both bulls and bears will try to prove their superiority, which will lead to increased volatility in prices.
Chairman of the US US Securities and Exchange Commission, Jay Clayton, said that despite important steps taken to address regulatory concerns about the Bitcoin ETF, there is still work to be done, As the final decision by the SEC on the offering of Bitcoin ETFs submitted by several companies is scheduled for next October.
Oil prices rose as the European market opened today, rising for the fifth consecutive day to 6-week highs, as the new Saudi energy minister confirmed his commitment to the current oil policy, and to continue cutting output within the OPEC agreement to reach a better balance in the market.
WTI rose to $58.35 a barrel (the highest since July 31), from the opening of $57.99, with a low of $57.85.
Brent rose to $63.10 a barrel (the highest since August 1st), from the opening of $62.82, with a low of $62.57.
WTI closed higher by 2.5% yesterday, and Brent futures rose by 1.6%, in their fourth consecutive daily gain, after a decline in the US drilling activities.
King Salman appointed one of his son, Prince Abdulaziz, as the Minister of Energy, to replace Khalid Al-Falih, which is the first time the Ministry of Energy is appointed to a member of the royal family.
Abdul Aziz bin Salman that there will be no shift in the country's policy and the OPEC's agreement to cut global oil production by 1.2 million barrels per day is continuing, and that the alliance OPEC Plus will continue for the long term.
A joint OPEC Plus technical committee will meet on Thursday in Abu Dhabi to discuss an output cut to support the market.