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via CryptoSlate · By CryptoSlate Editorial
Bitcoin price craters to $60,000 as BTC bulls get jobs report they were hoping to avoid
BTC
BTC/USDT
$84,179.91
-0.68%
$84,179.91
-0.68%
(24s)24h Volume
$13,979,110,567.11
24h H/L
$85,255.00 / $83,183.00
Change: $2,072.00 (2.49%)
Long/Short
58.4%
Long: 58.4%Short: 41.6%
Funding Rate
+0.0003%
Longs pay
Data provided by COINOTAG DATALive data
CE
CryptoSlate Editorial(03:45 PM UTC)
1 min read
Bitcoin fell after the May US labor report gave markets a reason to delay the next Federal Reserve easing trade, turning a stronger jobs number into a tighter-liquidity problem for crypto.
The May Employment Situation report said nonfarm payroll employment rose by 172,000 in May, while the unemployment rate held at 4.3%.
TradingEconomics release-screen data put the gain well above an 85,000…
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