Crypto
Bitcoin Slumps to $79K as Strong Jobs Report Sparks Macro Fears
Bitcoin's price dropped sharply on Friday after a stronger-than-expected US jobs report. The cryptocurrency slid from a multi-month high above $82,000 to below $79,000 before finding some support.
The larger-cap tokens had mixed performances, with XRP falling back to $1.40, ETH losing the $2,500 level, and XMR plunging by over 5%. However, BNB bucked this trend with a 4.5% surge.
This volatility highlights renewed macro-driven crypto market risks and potential DeFi/CEX liquidity effects. It's worth noting that the US jobs report was stronger than expected, which could be contributing to the decline in Bitcoin's price.