# Dump

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-06-09

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Today's crypto market took a tumble, with Bitcoin and major altcoins dropping. The cause? Strong U.S. jobs data shook investor confidence, hinting at delayed Fed rate cuts. Over $380 million in long positions were liquidated, amplifying the downturn. Bearish signals, like RSI divergence, suggest further declines ahead.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/dump)*