The US non-farm payroll data for July shocked the market with a big dump. The number of new jobs added was only 73,000, far below the expected 104,000, and sharply decreased by half compared to last month's 147,000. Such data should have been favourable information for long positions.
However, the market performance of Bitcoin and Ethereum was unexpected. They experienced a brief rebound after the data was released, but quickly fell back within half an hour. Bitcoin dropped to a low of 112722, and Ethereum also fell below the 3,431 mark. The entire cryptocurrency market once again staged the "
View OriginalHowever, the market performance of Bitcoin and Ethereum was unexpected. They experienced a brief rebound after the data was released, but quickly fell back within half an hour. Bitcoin dropped to a low of 112722, and Ethereum also fell below the 3,431 mark. The entire cryptocurrency market once again staged the "