Bitcoin extends losses after US jobs data beats forecasts

Data from TradingView showed $BTC/USD dipping below $75,000 to levels last seen in mid-August. The total crypto market cap was down 0.5% on the day.

$BTC/USD one-hour chart. Source: Cointelegraph/TradingView

US stock markets rebounded as traders took advantage of heavily discounted tech shares. The S&P 500 and Nasdaq Composite Index traded up 0.6% and 1.2%, respectively, at the time of writing.

Nasdaq Composite Index one-hour chart. Source: Cointelegraph/TradingView

Certain tech stocks saw much sharper gains, with SanDisk and Micron Technologies both up 6.3%.

US nonfarm payrolls data released on Friday showed that the economy added 165,000 jobs in October, well above market…