Here’s Why Crypto Market Is Crashing Right Now!
Photo: CaptainAltcoin
Crypto has reversed yesterday’s recovery in a hurry. Bitcoin has dropped to around $77,500, down roughly 3.5% over the past 24 hours. Ethereum is near $2,316 after losing almost 5%, XRP has fallen back to $1.27, and Solana is down around 4%. The move is broad. Zcash, BNB and Hyperliquid are also falling, wiping out a large part of the gains seen during Wednesday’s post-election rebound. The immediate catalyst appears to be surprisingly strong U.S. labor-market data. U.S. Jobless Claims Just Hit a 57-Year Low Initial unemployment claims fell to only 189,000 for the week ending October 31.
Source: CaptainAltcoin
