🗞️Bitcoin (BTC) Price News: No Relief in Sight from Lower Interest Rate Trend
📰Summary:
The crypto and stock markets declined on Friday despite weaker U.S. employment data, which would typically benefit gold and bonds. Bitcoin dropped more than 3%, while Ethereum, Solana, BNB, and Dogecoin each fell by approximately 6%. Only XRP saw a relatively smaller decline of 2.9%. Former President Donald Trump expressed dissatisfaction with Federal Reserve Chairman Jerome Powell and labor statistics officials, accusing them of manipulating employment data. Crypto-related stocks were also hit: Coinbase dropped nearly 18%, Riot Platforms fell 17%, and Circle lost 7.5%.
Source: Coindesk
