Is Bitcoin Price Correction Over After $300M Liquidations & Worrying US Jobs Data?

Quick Summary:

Bitcoin price shed nearly 4% after the US Nonfarm Payrolls (NFP) or US jobs data came in cooler than expectations.

This sudden crash in BTC caused the crypto markets liquidations of nearly $300 million on September 6.

These two events set off a chain reaction that catalyzed financial market crashes across the US, Asia and Europe, triggering popular recession signals like Sahm and Joshi Rule to flash red.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Akash Girimath

Category: Crypto

Markets: IndiaJapan

Topics: Price Analysis Bitcoin crash Btc Bitcoin Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 09:41:29 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 54 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22396992

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 14 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions