Cardano (ADA) and Dogecoin (DOGE) experienced a 4% decline in the past 24 hours, leading losses among major cryptocurrencies. Bitcoin (BTC) also saw a 1.7% drop, while Ether (ETH) fell 2% and XRP declined 1.1%. Traders are awaiting the release of the U.S. Non-Farm Payrolls report before making further moves in the market. The outlook for crypto remains uncertain after Bitcoin failed to reclaim the $99K resistance level, triggering a selloff. Some traders anticipate continued volatility in the crypto market next week, citing various factors such as China's tariff policies and potential Trump tariffs on the EU. The Non-Farm Payrolls report can influence crypto markets by affecting expectations around the Federal Reserve's interest rate policies and may impact bitcoin's price through shifts in risk sentiment, liquidity, and the value of the dollar.
Content Editor ( coindesk.com )
- 2025-02-07
Cardano's ADA, DOGE Slide 4% as Bitcoin Traders Await Payrolls
