Bitcoin Price and Ethereum – Positive US Nonfarm Payroll to Put Pressure on Cryptocurrencies
During the early European session, the global cryptocurrency market capitalization fell 1.39% to $957.46 billion. Over the past 24 hours, the total volume of the cryptocurrency market has decreased by 5.82% to $55.83 billion. With a 24-hour volume of $3.11 billion, DeFi accounted for 5.55% of the entire cryptocurrency market . This represents 92.59% of the total 24-hour volume in the cryptocurrency market , or $51.82 billion. Investors factored in the United States' surprisingly positive nonfarm payroll and unemployment figures during the European session. As a result of this news, the leading cryptocurrency, Bitcoin, tumbled 3.13% for the day. While the second most valuable cryptocurrency, Ethereum, ended up falling 2.92% to trade at $1,334. US Nonfarm Payroll & Unemployment Rate US Nonfarm Payroll: Accordingly to the US Bureau of Labor Statistics , total nonfarm payroll employment increased by 263K in September, while economists predicted a ...