Crypto News

Bitcoin (BTC) and Ethereum (ETH) Fall as Job Data and Fed Projections Affect Market Sentiment The world's largest cryptocurrency, Bitcoin, suffered a 5% drop from its all-time high of $64,000 as the U.S. job data showed strong gains in employment, leading to an increase in Treasury yields. This, coupled with the Federal Reserve's announcement that it plans to raise interest rates earlier than expected, resulted in a decline in market sentiment and a sell-off in major digital assets. Ethereum (ETH) also saw a 5% drop from its $2,400 high, despite the highly anticipated London hard fork launch The second-largest cryptocurrency, Ethereum, also experienced a decline in price as it fell 5% from its recent high of $2,400. This came as a surprise to many, as the highly anticipated London hard fork launch was expected to boost the price of ETH. However, the combination of the job data and Fed projections seemed to have a greater influence on the market. M...