$BTC dips below $70k as party slows down in crypto land!! ๐
Bitcoin took a bit of a tumble on Friday, dipping below $70k. The rest of the crypto market felt the chill too, with some bigger drops than Bitcoin. ๐ฃ
Here's the skinny:๐ป๐
๐ BTC: Down 2% to $69k. Biggest one-day liquidation since April. ๐
๐ Why the drop? Strong US jobs report likely means no interest rate cuts coming soon, which isn't great for crypto in the short term. ๐๐ฎโ๐จ
๐ Other coins feeling the heat: $ETH down 3%, $BNB down 3%, #SOL down 4%. ๐จโ๐ฉโ๐งโ๐ง๐ค
Is this a sign of things to come or a temporary blip? Let us know what you think in the comments! DYOR! ๐ ๐๐#bitcoin #Binance55thProject(IO) #TopCoinsJune2024