As of 12:15 pm IST, Bitcoin was down 2.3%, trading at $59,656, while Ethereum fell 2.8% to $2,602. The global cryptocurrency market cap also dropped by 1.9%, settling at around $2.11 trillion over the last 24 hours.
Later on Wednesday, preliminary revisions to U.S. labor data are expected, with a significant downward adjustment anticipated, potentially supporting the case for cutting interest rates. Federal Reserve minutes are also expected to reinforce a dovish stance.
Crypto Tracker
“Bitcoin had another unsuccessful attempt at breaching the $60,700 critical resistance and is now consolidating below $60,000. The market remains cautious ahead of the U.S. jobless claims data release tomorrow. There’s a strong chance that Bitcoin could rally toward $61,000 if the…
