Crypto market crash continues ahead of the US NFP report
The crypto market crash continued today, Jan. 8, as traders and investors anticipated the upcoming U.S. non-farm payrolls data, which will help to set the tone for the Federal Reserve.
Summary
- The crypto market crash continued for the third day as Bitcoin and altcoins dropped.
- This decline happened a day before the US non-farm payrolls data.
- Bitcoin is forming an ascending triangle pattern, pointing to more gains.
Bitcoin (BTC) price dropped from the year-to-date high of $94,5000 to $89,344, while Ethereum (ETH) fell below $3,057. As a result, the market capitalization of all coins dropped by 1.2% in the last 24 hours to over $3.17 trillion.
Daily volume dropped…
