Bitcoin was once again trading below $28,000, as markets consolidated ahead of Friday’s non-farm payrolls report. Payrolls are expected to come in at 240,000 for last month, with the unemployment rate in the U.S. remaining at 3.6%. Ethereum was also lower today, following an eight-month high on Wednesday.

Bitcoin (BTC) was once again trading under $28,000 on Thursday, as markets began to prepare for tomorrow’s non-farm payrolls report. BTC/USD dropped to an intraday low of $27,831.56 in today’s session, which comes less than 24 hours after trading at a high of $28,714.22. The move came as bitcoin bulls were unable to sustain a breakout of a key resistance level of $28,500.

Ethereum (ETH) was also lower in today’s session, as prices slipped from an eight-month high the day prior. Following a high of $1,924.47 on Wednesday, ETH/USD dropped to an intraday low of $1,859.00 earlier in the day. As a result of this decline, ethereum has fallen from its strongest point since Aug. 17, when the price hit a peak of $1,957.

(by Eliman Dambell)