The entire crypto market took a tumble today as Bitcoin dropped below to $70,000 and large-cap altcoins sold off.
The cryptocurrency market is down today, with the total market capitalization falling by 1.33% to $2.6 trillion on June 7.
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has fallen 2.7% to around $69,156. Meanwhile, Ether (ETH), the second-largest crypto, dipped 4.1% to trade around $3,675at the time of publication.
The crypto market was turning down for the second day on June 7 as market participants reacted to stronger than expected U.S. employment data, which vastly beat expectations to suggest that the labor market was coping with tight fiscal policy better than forecast.
