Leading cryptocurrencies fell alongside stocks and precious metals on Wednesday, even as job growth accelerated strongly in January.

Crypto Market Stays In The Dumps

Bitcoin dived below $65,000 in the early trading hours before bouncing back to $68,000 in the evening. Trading volume for the coin jumped 25% in the last 24 hours, indicating high selling pressure.

Ethereum came under pressure, but was guarded by the support at $1,900. XRP and Dogecoin also traded in the red.

Over $470 million was liquidated from the market in the last 24 hours, according to Coinglass, with nearly $300 million in bullish long bets erased.

Bitcoin’s open interest rose 1.49% over the past 24 hours. A jump in open…

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