Bitcoin price fell below $ 30,000 after about a week of hiatus.
BTC, which managed to rise above $ 31,400 with the rise it experienced at noon, saw $ 29,900 with the sudden tension.
Similarly, there have been sudden regressions in the last 1 hour in Ethereum and altcoins. ETH price dropped from $1,945 to $1,867.
The reason for the decline in cryptocurrencies is thought to be the expectation of increasing interest rates in the markets after the positive unemployment data. US unemployment data came in at 248,000, up from the expected 245,000.
Cryptocurrency analyst Michaël van de Poppe said in his statement after the fall:
“We are falling back to lows. There needs to be a return here, otherwise the $28,500 scenario for Bitcoin seems likely. Markets expect rate hikes due to positive unemployment data. Typical FOMO buyers were hit by a momentary correction and we are back in the bearish on Bitcoin.”
*Not investment advice