The bad employment data causes the risk market to fall, like stocks and BTC
asaph1
ยท
--
Bitcoin stumbled: Is it time to buy or to run for the hills? ๐
Brace for impact, Bitcoin! ๐ Neither the employment data from the United States nor the enthusiasm from Wall Street could stop Bitcoin's drop of more than 2%, which is now flirting with a critical support level. The question is: will it be a breather or the start of a free fall?
What a day, my people! Bitcoin woke up on the wrong foot and dropped more than 2%, falling below $110,000. ๐คฏ The craziest part is that this happened just when employment data from the United States was released showing a weaker labor market, which would normally encourage people and cause crypto to rise. But no, BTC ignored all that and went down.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.