Bitcoin At $67,000, Ethereum, XRP, Dogecoin Extend Losses Ahead Of Unemployment Data

Bitcoin is trading around $67,000 ahead of U.S. unemployment data and renewed fears of a potential government shutdown.

The meme coin sector dropped 5.7% in a single day to $31.8 billion.

Trader Commentary:

Crypto trader Jelle said Bitcoin briefly broke local highs before reversing and drifting back toward recent lows. For now, he prefers patience, waiting for clearer conditions before re-entering.

Trader Michael van de Poppe noted the importance of unemployment data, with Bitcoin hovering near what could become a higher low.

If unemployment rises, he expects bond yields to fall, increasing pressure on the Fed to cut rates.

In that scenario, gold and silver could see a short-term dip before moving higher, while Bitcoin may briefly drop and then trend upward later this month.

“The money printer needs to start up again,” he said, pointing to liquidity as the key driver.

Cryptoinsightuk highlighted that Ethereum’s monthly RSI has dropped to one of its lowest readings on record and has not reached overbought territory since 2021.

While the broader outlook still favours expansion this year, further downside could damage the long-term chart structure.

Trader Tim said Solana swept Monday’s lows on both the four-hour and daily charts.

If that level fails, downside could accelerate. If it holds, upside targets sit near $90, followed by the $96–$98 range.

Shibburn data showed about 3.6 million SHIB were removed from circulation in one day, lifting burn rates by 35.4%.

Image: Shutterstock