Bitcoin fell to approximately 68,176 USD after reaching a peak of 74,000 USD. This drop was primarily due to weaker than expected US labor data, which showed a loss of 92,000 jobs in February.
The adverse employment data led to declines in both crypto and stock markets, with major indices down by around 1.5% and 1.3%. Despite this, expectations for interest rate cuts remain muted.
Leave a Reply