Bitcoin price fell below $69,000
On Friday, June 7, quotes of the first cryptocurrency fell below $69,000 after the publication of unemployment data in the United States.
Binance exchange NOT/USDT hourly chart. Data: TradingView.
At the time of writing, Bitcoin is trading at $69,500.
Following digital gold, other digital assets from the top 10 by capitalization also collapsed. Dogecoin (-8%) and Solana (-5.1%) lost the most over the past 24 hours.
Data: CoinGecko.
The total capitalization of the cryptocurrency market is $2.67 trillion.
One of the leaders of the decline was the token of the gaming Web3 project Notcoin. At the moment, NOT collapsed from $0.022 to $0.018.
BTC/USDT hourly chart of the Binance exchange. Data: TradingView.
At the time of writing, $NOT is trading at $0.02.
According to Coinglass, over the past 24 hours, the volume of liquidations reached $410 million. Of this, $361 million were long positions.
According to the BLS report, the US unemployment rate rose to 4% in May (+0.3% y/y). The total number of unemployed increased to 6.6 million compared to 6.1 million a year earlier. Over the month, 272,000 new jobs appeared on the labor market - higher than expected.
Earlier, Standard Chartered analysts predicted that Bitcoin would reach $100,000 in November. If Donald Trump wins the US presidential election, digital gold will soar to $150,000 by the end of the year, they added.
Let us remind you that ex-CEO of BitMEX Arthur Hayes noted the change in the macroeconomic background and called for buying the first cryptocurrency.
According to Bitfinex experts, during the current bull market, Bitcoin will form a top at some point in the fourth quarter of 2024. They also noted continued growth potential.
Bestselling author of Rich Dad Poor Dad and entrepreneur Robert Kiyosaki predicted the first cryptocurrency to reach $300,000 by August 25th.
