Bitcoin Price and Ethereum – Positive US Non-farm Payroll to Put Pressure on CryptocurrenciesDuring the early European session, the global cryptocurrency market capitalization fell 1.39% to $957.46 billion. Investors in the United States factored in the surprisingly positive non-farm payroll and unemployment figures during the European session. US Non-farm Payroll & Unemployment RateUS Non-farm Payroll: According to the US Bureau of Labor Statistics , total non-farm payroll employment increased by 263K in September, while economists predicted a gain of 248K jobs from the previous month. Bitcoin Price Prediction & Technical OutlookThe current Bitcoin price is $19,619.66, and the 24-hour trading volume is $31 billion. Bitcoin Price - Source: CoinmarketcapIn my previous Bitcoin update, I mentioned that the BTC/USD pair had formed a descending triangle pattern, extending significant resistance near $20,478.

Source: Wall Street Journal October 08, 2022 04:22 UTC