Crypto Markets On The Ropes As Traders Brace For US NFP Data

  • Crypto markets were crushed on Thursday, shedding over $150 million in value as US bond yields rallied.
  • Bitcoin dropped nearly 8.0% to fresh more than two-month lows in the $36,000s.
  • Traders are now bracing for the upcoming release of the April US jobs report.

Thursday’s Market Rout

Traders and strategists skeptical of Wednesday’s post-“not as hawkish as feared” Fed policy announcement rally across cryptocurrency markets and, more broadly, global risk assets, saw their cynicism pay off on Thursday.

Read the entire article here:

More crypto news:

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.