Bitcoin drops 4%, ether sinks below $3,000 as macro concerns deepen
The crypto market failed to recover from Monday’s sell-off, with bitcoin trading 4% lower at $86,100 and ether dropping back below $3,000 after slumping 6.7% in 24 hours.
The slide sent the CoinDesk 20 Index down 4.3%, with all members of the index lower, alongside a move to the downside in traditional markets. The Nasdaq Composite fell for a second straight day on Monday, losing 2.6% in the period, on concerns over the potential of an AI bubble and weak employment data. The U.S. is due to report labor market statistics including November’s nonfarm payrolls number later Tuesday.
“Consensus forecasts suggest around 50,000 new hires were made, less than half the 119,000 seen in September, but the range of expectations is much…
