Bitcoin, Ethereum, Dogecoin Drop As Mixed Signals Emerge From US Labor Market — Analyst Warns Of ‘Bad,’ ‘Explosive’ Developments For King Crypto

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Major cryptocurrencies traded in the red on Sunday evening amid mixed signals from the U.S. labor market. What Happened: In June, nonfarm payrolls (NFPs) increased by 209,000, as reported by the Bureau of Labor Statistics. This figure fell short of economists’ expectations of 225,000, indicating a decrease from May’s revised increase of 306,000. These numbers suggest a weakening of employment momentum in the previous month. This lower-than-expected reading comes on the heels of an impressive ADP National Employment Report, which showed an astounding 497,000 job gains in June. JPMorgan managing…

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