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Bitcoin Ethereum Prices Drop Solana Turns Red As Traders

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After a sharp sell-off on Friday, Bitcoin price is trading sideways on Monday. Ethereum and Solana prices are also exhibiting a similar trend as the investors await key CPI data for May. Nevertheless, XMR, QNT and CHZ emerged as the biggest gainers during the first trading session of the week.

The hotter-then-expected US jobs data has jolted the traditional markets. Consequently, at press time, the S&P 500 and Nasdaq 100 index were down 0.10% and 0.15%, respectively. Friday’s report showed that the US employers added $272,000 jobs in May which was much higher than the market expectations.

As a result, BTC price fell below $68,420 before recovering back above $69,600. ETH price also dropped significantly and bottomed out at the fresh monthly lows of $3,600.

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