Bitcoin Falls On Market Volatility

Bitcoin slides –1.15% and other cryptocurrencies are also weaker Monday due to negative sentiment for risk-sensitive assets that continued to deteriorate in the wake of Friday’s US jobs data.

Crypto holders seem to be prepared for more volatility this week with key inflation data on the economic docket. Bitcoin is trading at $19219.70 at the time of writing versus the opening price at $19442.70

The price of Bitcoin has fallen 1% over the past 24 hours to $19,250. The largest digital asset was trading above $20,000 last week before falling lower following the jobs report.

Bitcoin continued to crumble over the weekend and is at risk of re-testing its yearly lows below $18,500 if it moves below $19,000.