Crypto assets (virtual money) Bitcoin fell in the trading on the 7th of the time of the United States. September employment statistics released on the same day showed a faster than expected increase in employment, and the unemployment rate fell. The prospect of aggressive interest rate hikes, which have pushed down the prices of risk assets, has strengthened.
US employment rises 263,000, unemployment rate falls unexpectedly; pressure continues on the Fed
Bitcoin temporarily fell 3.6% to around $19,333, marking the first intraday decline in a week. Ether fell 3.4% at one point, while Solana and Avalanche also fell.
“I think we have to respect the downturn and assume that the bear market cycle remains dominant,” said Katie Stockton, founder of research firm Fairlead Strategies.
news-rsf-original-reference paywall">Original title:Bitcoin Falls as Data Keeps Crypto Jobs in ‘Bear-Market Cycle’ (抜粋）
