Why a strong jobs report hit Bitcoin and Ethereum harder than the stock market

The cryptocurrency sector currently faces macroeconomic headwinds that dictate valuation changes across all major digital tokens. Bitcoin recently declined by 1.34 per cent to US$79,113.15 in a single 24-hour period. Ethereum followed a similar trajectory, dropping 1.17 per cent to trade at US$2,487.12. This synchronised pullback is clear evidence that digital assets no longer operate […] The post Why a strong jobs report hit Bitcoin and Ethereum harder than the stock market appeared first on e27.