Farcaster

Cryptocurrencies fell en masse on the heels of the US non-farm payrolls data, which came in at 142,000, below the forecast of 164,000.

This dip might be a buying opportunity for long-term holders. 📉💡

The cryptocurrency market is reacting to the latest US job data, highlighting its sensitivity to economic indicators. Volatility may persist as investors assess the impact on the overall market sentiment.

The strong dollar and Fed rate hike expectations are weighing on crypto markets. The lower-than-expected jobs report may have accelerated the shift in investor sentiment, exacerbating the sell-off.

The jobs report's surprise downside miss is likely to fuel recession concerns, which could further weigh on crypto markets.