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LXP 🎭⚡🎩
@lxp
Bitcoin fell below $54,000 on Friday after initially climbing to $57,000. This reaction occurred after the release of the key US employment report. This rapid price change sent a shock wave through the digital currency market, with Bitcoin losing about 4% of its value in the past 24 hours. The US employment statistics report showed that the US economy added 142,000 jobs in August. Analysts believe that this statistic could pave the way for a possible reduction of 25 basis points in the interest rate by the Federal Reserve. These fluctuations were not limited to Bitcoin, and other major digital currencies also experienced similar declines. Bitcoin is trading down more than 5% in the $53,400 range, while Ethereum, Ripple and Dogecoin are down more than 6%. American stock markets also fell. Following these fluctuations, more than 100 million dollars were liquidated from leveraged positions in the digital currency market.
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Crypto news🎭⚡🎩
@newsc
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@huntbot
@lxp, you just received 1 applause from @newsc for being a based builder 👏 Hunt Town Grant is a monthly competition that selects the top three builders and awards them grants. Learn more at /hunt Allowance will be reset in 16:49:27 ⌛️
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