Bitcoin and the market for digital currencies today are red; What is the reason?

The Ramsar market fell sharply this week, as a combination of poor economic data, new commercial tensions, and widespread profit harvesting led to widespread sales of Bitcoin and the main penis. The Ramsar market continued to fall and the total market value fell to $ 1.5 trillion.

The drop came following the release of a poor non -agricultural employment report on Friday. The volume of compulsory lycoid has reached more than $ 1.5 billion over the past two days. Bitcoin has fallen from $ 2 to $ 5 in the last Saturday review from the historic peak of July, while penicians such as Pi Network (PI), Ethena (ENA), Conflux (CFX) and FartCoin (FartCoin) have been reduced by more than 5 %.

The Ramsar market fell sharply after the release of poor US non -agricultural employment statistics on Friday. Reports showed that the US economy has only created jobs in July and the unemployment rate rose to 4.9 percent. Worse, the Bureau of Statistics has reduced employment figures in the past two months, which means that the average employment growth in the last three months has reached 4 job positions, the lowest level since the beginning of the epidemic.

US President Donald Trump claimed in Truthsocial that employment statistics had been manipulated to end his and Republican detriment. He then dismissed Dr. Erika MCentarfer as the head of the Bureau of Labor Statistics. For this reason, the Ramsar market was under pressure, as investors doubted the accuracy of US economic data, which play an important role in federal interest rate decisions.

Also, the Ramras market is in the middle of new commercial tensions. Trump has imposed tariffs on major trading countries, including India, South Africa and Switzerland. Although the United States has reached agreements with countries such as Japan, the European Union and South Korea, it has maintained a 5 % base rate. These tariffs can slow down the US economy, as this week’s employment data showed. This was also one of the reasons for the fall of stock markets on Friday, in which the Dow Jones and Nasdaq 100 indexes dropped more than 5 units.

Finally, the fall of the Ramsar market has also been exacerbated by the harvest of profit and forced lycid. In financial markets, profit harvesting after a sharp rise in prices is a common phenomenon. This indicates why bitcoin and the penis are usually corrected after strong mutations. For example, bitcoin has historically enters the reform phase or enters the descending market. Recently, after the new record in May, it has declined by 5 %. It also retreated from the historic ceiling of $ 2 in January to $ 2 in April.

In addition, the Ramsar market has faced a wave of compulsory lycides that have increased sales pressure. According to Coinglas, more than $ 5 million of Ramsar was liced on Friday, reaching $ 5 million on Saturday.