Bitcoin, Ethereum and the broader altcoin market suffered a slump after US employment data on June 7th surpassed expectations. However, traders believe they felt a brief ‘shake’ before the upward trend continued.
JP Morgan also postponed its interest rate cut forecast from September to November after the announcement of new non-agricultural employment indicators in May.
Il Capo of Crypto, a cryptocurrency trading company, said to his 848,000 X followers on June 7, “Strong selling up to the support line. “Alt suffered greater damage,” he said. “If