Bitcoin Stabilizes at $69,000 Amid Volatile Sell-Off Driven by U.S. Employment Data and Roaring Kitty Livestream

Bitcoin hovered around $69,000 on June 8 as traders recovered from a sudden sell-off. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price stabilized as the weekend approached. The largest cryptocurrency experienced abrupt volatility at the start of the Wall Street session, driven by what was termed “schizophrenic” U.S. employment data. This was exacerbated by a decline in altcoins, following market reactions to a livestream by pseudonymous investor Roaring Kitty. BTC/USD hit local lows of $68,450 on Bitstamp, while Ether, the largest altcoin, briefly dipped below $3,600. Reflecting on the past 24 hours, trading firm QCP Capital described