CryptoIntelligence
2024-06-10 00:57:16

Bitcoin Stabilizes at $69,000 Amid Volatile Sell-Off Driven by U.S. Employment Data and Roaring Kitty Livestream

Bitcoin hovered around $69,000 on June 8 as traders recovered from a sudden sell-off. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price stabilized as the weekend approached. The largest cryptocurrency experienced abrupt volatility at the start of the Wall Street session, driven by what was termed “schizophrenic” U.S. employment data. This was exacerbated by a decline in altcoins, following market reactions to a livestream by pseudonymous investor Roaring Kitty. BTC/USD hit local lows of $68,450 on Bitstamp, while Ether, the largest altcoin, briefly dipped below $3,600. Reflecting on the past 24 hours, trading firm QCP Capital described

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.