Bitcoin
and other cryptocurrencies were weaker Monday as sentiment for risk-sensitive assets continued to deteriorate in the wake of the U.S. jobs report on Friday. Crypto holders should brace for more volatility in the coming days with key inflation data on the docket.
The price of Bitcoin has fallen 1% over the past 24 hours to $19,250. The largest digital asset was trading above $20,000 last week before tumbling lower following the jobs report. Bitcoin continued to crumble over the weekend and is at risk of re-testing its yearly lows below $18,500 if it moves below $19,000.
