Recent robust employment data from the United States has triggered a wave of selling in the cryptocurrency markets. Bitcoin (BTC ($87,026.00)) 
$95,507 fell to the support level of $95,000 as rising long-term bond yields prompted investors to move away from risky assets. The U.S. Department of Labor’s JOLTS job openings report showed 8.1 million openings, exceeding the anticipated 7.74 million.
Bitcoin’s Price Plunge Shakes the Market
The abrupt decline in Bitcoin’s price led to the liquidation of approximately $206 million in positions within just one hour. This selling pressure was not confined to the cryptocurrency market; stock indices like Nasdaq and S&P 500 also exhibited weakness. Nasdaq fell to 21,200, while S&P 500 dropped to 5,900.
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