Crypto markets slip after 911K Jobs data revision
Crypto markets pulled back after the US Labor Department revised payroll figures down by 911,000 jobs for the year ending March 2025. This is recorded as the largest annual adjustment in history, surpassing the 2009 financial crisis.
Bitcoin price dropped back to $111K zone after trading above $113k in the evening. Ethereum also took a hit as the cumulative crypto market cap dropped below $3.9 trillion. Ether has been a dominant force among the top 10 cryptos lately. However, it remained to trade under increased selling pressure. Coinglass data shows that more than 169K traders got liquidated over the last 24 hours. The total liquidations (both long and short bets) breached the $342 million mark.
The last 24 hours saw more than…
