Cryptocurrency Prices on June 10: Bitcoin falls below $69.5K following hotter-than-expected US jobs report
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Bitcoin fell below $70,000 after the release of a stronger-than-expected US jobs report, causing a market selloff. The report showed that US employers added 272,000 jobs in May, more than economists had predicted. The unemployment rate also rose for a second consecutive month. As a result, major cryptocurrencies, including Bitcoin and Ethereum, experienced slight declines. Bitcoin dropped 0.1% to $69,379, while Ethereum declined 0.5% to $3,668. Other major tokens such as BNB, Solana, Dogecoin, Shiba Inu, and Chainlink also traded in the red. XRP, Tron, Kaspa, and Pepe saw gains. The market cap of Bitcoin fell to $1.368 trillion, with Bitcoin's dominance at 54.11%. BTC volume in the last 24 hours rose 16.1% to $15 billion. Despite the decline, investor data revealed around $1.7 billion in inflows into spot Bitcoin exchange-traded funds (ETFs) this week, indicating continued buying interest and expectations of an upward trend. Experts believe that the market is expected to remain choppy in the coming week.
#Cryptocurrency #Bitcoin #UsJobsReport #MarketSelloff #Ethereum
https://m.economictimes.com/markets/cryptocurrency/cryptocurrency-prices-on-june-10-bitcoin-falls-below-69-5k-following-hotter-than-expected-us-jobs-report/articleshow/110869463.cms
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