The latest US job report brought some brief volatility for bitcoin, but the asset remained calm overall, around $17,000.

Following last weekend’s lack of any volatility, bitcoin headed straight south on Monday, dipping to $16,000. The bulls stepped up at this point and pushed it north to almost $17,000.

After a few days of being unable to break above that level, this finally happened on December 1 when the asset skyrocketed to $17,250, which became its highest price level in over two weeks.

Nevertheless, the generally bearish sentiment didn’t allow any further increases, and BTC returned to $17,000. This was expected to change yesterday when the US was set to reveal the latest job report about November.

As it beat expectations, BTC started to lose value in line with the largest US-based stock market indices. However, bitcoin dipped by just $200 and returned to $17,000 almost immediately.

As such, its market cap and dominance over the alts have remained exactly the same, at $325 billion and 38.2%, respectively.

(By Jordan Lyanchev)