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.


Other news

WSJ: Crypto-industry participants have started to prepare for the collapse of Binance
Binance is leaving Russia. Why it happened and what to do for its users
SEC once again postpones bitcoin-ETF decision
Unsubtle Optimism. How to make Ethereum faster and cheaper for everyone
JPMorgan has banned any cryptocurrency transactions for UK clients
Rapper Snoop Dogg was offered $194 for costing him $7 million NFT