BTC, ETH and DOGE fall amid mildly positive jobs and price data

BTC, ETH and DOGE fall amid mildly positive jobs and price data


Major coins tumbled Thursday night as investors appeared unfazed by the boost to jobs and jobs price data.

cryptocurrency gains +/- Price (Recorded at 9:30pm EST)
Bitcoin BTC/USD -2.39% $26,899
ether ETH/USD -2.40% $1,789
Dogecoin DOGE/USD -1.95% $0.071

What happened: Bitcoin prices have plummeted again, falling below $27,000 for the second day in a row. This has led investors to remain cautious in assessing market conditions. For the past few days, BTC has been fluctuating between $25,000 and $30,000, causing concern among both investors and traders.

At the time of writing, the global crypto market cap was $1.11 trillion, down 2.37% from the last day.

The US stock market were under considerable pressure due to ongoing concerns about regional banks. The S&P 500 index ended down 0.17%, while the tech-heavy Nasdaq Composite index edged up 0.18%.

See More: Best Crypto Day Trading Strategies

analyst Remarks: “Bitcoin is lower as risk aversion runs high on Wall Street. The return of some banking turmoil at PacWest failed to spark strong demand for cryptos this time. Fear of contagion in the banking sector remains low as some banks like Western Alliance show deposits rising,” he said Edward MoyaSenior Market Analyst at OANDA.

He added, “Bitcoin is likely to remain range bound as crypto traders continue to wait and see what will happen on the regulatory front.”

According to crypto analyst Michael Van De Poppe, Bitcoin has returned to its lows, suggesting cheap long entry opportunities. An important level to watch out for is $26,800, which analysts say has already been mentioned and reached.

For potential long entries, Van de Poppe advises looking for a dip from this level to $26,500 and then waiting for Bitcoin to revisit $26,800 to act as a long trigger.

Pseudonymous crypto analyst The wise said, that Elon Musk Twitter’s resignation as CEO could be ‘bad news’…


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