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Bitcoin unsettled by Ether and Nasdaq futures drop

03 Jun, 2022

Shortly before the US jobs reports hits the screens, the impact of a further fall in Ether has helped to send Bitcoin back below 30k. Indeed, Ether has now fallen to below the previous interim low at 1762. It is possible that some stops were tripped through that level too. The low on Ether so far has been set at 1751.67, endorsing what was noted here a little earlier today. The impact of that fall and further downside in the Nasdaq 100 futures has unsettled Bitcoin. The lead cryptocurrency has fallen back to as low as 29,663. BTC seems unlikely to fall further until it has to see what the US jobs report has to offer shortly, and what impact that might have on the wider markets. Hence, it is not too much of a surprise to see it now just edging off its earlier lows, currently trading at 29,785

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