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Bitcoin at $67,000, Ethereum, XRP, Dogecoin extend their losses ahead of unemployment data2 min read
Bitcoin is trading around $67,000 ahead of the release of unemployment data in the United States and renewed fears of a possible government shutdown.
CryptocurrencySymbolPriceBitcoin(CRYPTO: BTC)$67,035Ethereum(CRYPTO: ETH)$1,949Solana(CRYPTO: SOL)$80.87XRP(CRYPTO: XRP)$1.36Dogecoin(CRYPTO: DOGE)$0.08977Shiba Inu(CRYPTO: SHIB)$0.055791 $
The memecoin sector dropped 5.7% in a single day, settling at $31.8 billion.
Cryptocurrency trader Jelle stated that Bitcoin briefly surpassed local highs before retracting and falling back towards recent lows. For now, he prefers to exercise patience and wait for more favorable conditions before re-engaging.
Trader Michael van de Poppe emphasized the importance of unemployment data, with Bitcoin fluctuating near what could become a higher low.
If the unemployment rate increases, he expects bond yields to decrease, which will put increased pressure on the Federal Reserve to cut rates.
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