Two Trump administration officials suggested markets should brace for weaker-than-expected January employment data. Following the usual recent pattern, crypto markets fell sharply as U.S. stocks opened for trade Tuesday, but recovered most of those losses in a similarly quick fashion. In mid-morning trade, bitcoin BTC$69,442.91 was at $69,200, down marginally from 24 hours ago. Ether ETH$2,028.70 underperformed, down 1.8%, with similar declines in XRP XRP$1.4173 and Solana SOL$84.51. While bitcoin’s current drawdown is the most significant since the 2024 halving, trading volume stayed low during the decline, suggesting retail investors stepped back rather than rushed to sell, according to Kaiko. The “market [is now] approaching critical technical support levels that will determine whether
Leave a Reply