Bitcoin fell after U.S. unemployment data release
The first cryptocurrency fell in price by $450 per hour after it became known about the increase in the number of jobs in the United States
Bitcoin exchange rate fell after the release of U.S. unemployment data for September. The value of the top cryptocurrency fell $450 in an hour - down from $20,000 to $19,55 thousand. The daily decline of BTC was 3% Market capitalization of the asset decreased by $7 billion, according to Coingecko. As of October 7, 17:30 NY time, bitcoin is trading around $19.6 thousand.
The asset began to fall in value after it became known that the unemployment rate in the U.S. dropped from 3.7% in August to 3.5% in September. According to a report from the U.S. Department of Labor, the number of jobs from the U.S. increased by 263 thousand, Bloomberg reported.
Altcoins also reacted with a decline in exchange rates. Ethereum overnight fell in price by 1.5% to $1.3k, the rate of BNB fell by 3.4% to $282, the price of Solana fell by 2% to $33.