Bitcoin Flat After Strong Jobs Data, Altcoins Drop

Bitcoin Flat After Strong Jobs Data, Altcoins Drop
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Bitcoin held steady following a stronger-than-expected May jobs report, while major altcoins like Ethereum and Dogecoin saw significant declines. Broader market concerns, including economic uncertainties and political disputes, weighed on crypto prices. The jobs data suggested economic stabilization, but crypto markets remained under pressure.

  • Bitcoin remained flat post-jobs report but dropped 1.5% in 24 hours, while altcoins like Ethereum and Dogecoin fell more sharply.
  • Economic uncertainties, trade tensions, and political disputes contributed to crypto market declines.
  • The May jobs report showed 139,000 new jobs, exceeding forecasts but below April's figures, signaling a slowing yet stable economy.
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