Bitcoin Pumps, Then Dumps Below $55K as Jobs Report Spurs Crypto Volatility
Briefly

The brief rally following the U.S. jobs report saw Bitcoin rise to $57,000 before reversing course, with significant selloffs across the cryptocurrency market.
The volatility triggered nearly $50 million in liquidations in the crypto derivatives markets, primarily affecting leveraged traders who were betting on further price increases.
Read at Coindesk
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