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Crypto Markets Slump Following Disappointing US Jobs Report

Crypto Markets Slump Following Disappointing US Jobs Report

Total market value slipped 2% on the day as most large-cap tokens traded lower.

Crypto markets opened the week on softer footing, with prices slipping lower after last week’s brief rebound.

On Monday, Feb. 16, Bitcoin (BTC) was trading around $67,500, down about 2% on the day and 1.7% over the past week, though it briefly rallied to $70,000 earlier today.

Since dropping to as low as $60,000 the first week of February, BTC has mostly been trading in a tight range between $68,000-$70,000. Trading volumes remained around $40 billion over the past 24 hours, suggesting active but indecisive positioning.

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BTC 1-month price chart. Source: CoinGecko

Ethereum (ETH) is down slightly more over the past 24 hours with 3% losses, while down 3.5% on the…

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