At QCP Capital, it was emphasized that the data on the US labor market led to a decline in the price of the first cryptocurrency. According to JOLTS - the monthly report from the US Bureau of Labor Statistics on the number of job openings, hiring, and layoffs - the number of job openings exceeded the expected 7.74 million and reached 8.1 million. This resulted in an increase in long-term bond yields and a subsequent decline in risk assets.
Analysts noted that the current correction in the price of the first cryptocurrency is a temporary pause before a likely rise ahead of the inauguration of the elected US president Donald Trump scheduled for January 20.