Bitcoin and XRP both saw a sharp rise, followed by a drop, after the release of the U.S. jobs report for January.
The report showed that the job market’s growth had cooled, causing a shift in market sentiment.
Bitcoin initially surged by 2.10%, reaching $96,656.40, but the excitement was short-lived.
The cooling job market raised concerns among investors, leading to a decline in both Bitcoin and XRP’s prices as the market adjusted to the mixed employment data.
While both digital assets had their moments of strength, the uncertainty surrounding the U.S. job growth suggests that the road ahead could be bumpy for crypto prices.
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