Other cryptocurrencies were weak on Monday as sentiment for risk-sensitive assets continued to deteriorate following Friday’s US jobs report. Cryptocurrency holders should prepare for increased volatility in the coming days with key inflation data in the minutes.
Bitcoin price has dropped 1% to $19,250 in the last 24 hours. The largest digital asset was trading above $20,000 last week before falling on job reports. Bitcoin will continue to drop over the weekend, and if it breaks below $19,000, it risks retesting its annual low below $18,500.