Following Bitcoin's sharp breakout above the historic $69,000 barrier, the popular cryptocurrency has initiated a deeper downward correction. At the moment, BTC is trading at USD 65,500, thus losing nearly $3,500 in the space of 1.5h. Declines have also been observed on smaller cryptocurrencies, the so-called Altcoins.

The pullback in the cryptocurrency market started after Bitcoin pierced the ATH. Source: xStation

Bitcoin digesting early gains. Source: xStation
Daily Summary: NFP Spooks Wall Street, Oil Back Near $100
Bitcoin above $80k ahead to the US NFP report
Daily Summary: Summer Is Over. Markets Shift Into Risk-Off Mode
Bitcoin and US indices decline amid Fed rate hike fears 📉