The price of the world's largest cryptocurrencies continued to fall as investors digested the latest labor market data in the United States, which showed that the unemployment rate increased in July, seemingly raising concerns about the country's economic stability.
The report, which showed cooler-than-expected nonfarm employment in the United States, also prompted a major selloff on Wall Street last Friday.
Bitcoin tumbled 7.70% to sell at $53.159.87 at 9:11 pm ET. Ethereum plummeted 16.90% to trade at $2,243.0500 at the same time.
