Bitcoin Stabilizes at $69K After Volatile Market Moves Triggered by U.S. Data and Roaring Kitty Livestream

On June 8, Bitcoin hovered around $69,000, recovering from a sudden drop. Data from Cointelegraph Markets Pro and TradingView showed Bitcoin’s price stabilizing over the weekend. The largest cryptocurrency experienced sudden volatility at the prior Wall Street open due to “schizophrenic” U.S. employment data. This was exacerbated by a sharp decline in altcoins, triggered by market reactions to a livestream by pseudonymous investor Roaring Kitty. BTC/USD saw local lows of $68,450 on Bitstamp, while Ether, the largest altcoin, briefly fell below $3,600. In response to these events, trading firm QCP Capital described the U.S. session as “doubly strange.” “It was