Crypto Prices Slip Ahead of US Jobs Data as Bessent Flags Rate Risks
Crypto edged lower on Sunday as traders positioned ahead of U.S. jobs data due later this week and digested comments from Treasury Secretary Scott Bessent suggesting that high interest rates are beginning to strain parts of the economy.
Bitcoin traded around $108,000, down roughly 1.7% over the past 24 hours, while Ethereum slipped about 3.5% to near $3,750, CoinGecko data shows.
Major tokens softened across the board, with alt-coins underperforming as investors maintain a defensive stance.
In an interview aired over the weekend, Bessent told CNN that the Federal Reserve’s restrictive policy “may have driven parts of the economy, particularly housing, into recession,” and argued the central bank now has room to cut…
