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  /  Stock   /  Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints
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Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints

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imageCryptocurrency7 hours ago (Aug 08, 2020 04:20AM ET)

Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints

The price of Bitcoin (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the United States stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600.

The release of new job data caused the U.S. stock market to slump in mid-day. Non-farm payrolls rose by 1.763 million in July, surpassing Wall Street expectations by 10.6%.

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Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints

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