The price of Bitcoin (BTC ($86,460.00)) 
$96,002 fell below $100,000 on Tuesday, following better-than-expected economic data from the U.S. This decline in the cryptocurrency market marks a reversal of the positive momentum observed earlier this year. Prior to the data release, Bitcoin was trading around $101,000 but dropped to as low as $95,000 in response to the news.
U.S. Economic Data Shakes the Cryptocurrency Market
The U.S. reported a Job Openings and Labor Turnover Survey (JOLTS) showing 8.1 million job openings in November, exceeding analysts’ expectations of 7.7 million. Additionally, the ISM Services Purchasing Managers Index (PMI) was reported at 54.1 for December, above the anticipated 53.3. These two data points suggest a stronger-than-expected U.S. economy.
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