kenso on Nostr: π Crypto Market Plummets: Majority in the Red π¨ The cryptocurrency market has ...
π Crypto Market Plummets: Majority in the Red
π¨ The cryptocurrency market has taken a significant hit, with most assets falling into the red zone. The overall market cap has dropped by 5.8%, leading to substantial losses across various cryptocurrencies.
π» Bitcoin fell below $62,000 for the first time in nearly three weeks, trading at $61,458, down nearly 5.5% in the past 24 hours. Ethereum also dropped below $3,000, with a 6.5% decrease in the same period.
π This decline is partly attributed to a gloomy U.S. jobs report revealing a rising unemployment rate, impacting both crypto and stock markets. Additionally, significant sell-offs, including repayments from Mt. Gox and the German government's Bitcoin dumps, have added to the downward pressure.
β οΈ Investors are advised to exercise caution due to the increased volatility and potential further declines in the market.
#cryptocurrency #bitcoin
π¨ The cryptocurrency market has taken a significant hit, with most assets falling into the red zone. The overall market cap has dropped by 5.8%, leading to substantial losses across various cryptocurrencies.
π» Bitcoin fell below $62,000 for the first time in nearly three weeks, trading at $61,458, down nearly 5.5% in the past 24 hours. Ethereum also dropped below $3,000, with a 6.5% decrease in the same period.
π This decline is partly attributed to a gloomy U.S. jobs report revealing a rising unemployment rate, impacting both crypto and stock markets. Additionally, significant sell-offs, including repayments from Mt. Gox and the German government's Bitcoin dumps, have added to the downward pressure.
β οΈ Investors are advised to exercise caution due to the increased volatility and potential further declines in the market.
#cryptocurrency #bitcoin