Bitcoin trades at $113,648, down 1.4%, while Ethereum and other major cryptocurrencies face steeper declines following disappointing U.S. job data and geopolitical tensions.
The cryptocurrency market has seen significant declines, with Bitcoin trading at approximately $113,648, down 1.4% in the last 24 hours. Ethereum fell 3.7% to $3,503, while XRP, SOL, and DOGE also posted losses. This downturn followed a disappointing U.S. jobs report that revealed only 73,000 jobs were added in July, far below expectations, alongside rising geopolitical tensions. The report has led to increased speculation about potential Federal Reserve rate cuts, further unsettling investors in both equity and digital asset markets.