The cryptocurrency market has experienced a new downward trend after a brief period of recovery, as investors' appetite for risk has waned due to rising geopolitical tensions in Latin America and Asia.
Cryptocurrencies continued to retreat from their New Year's rally, as anticipation of US non-farm payroll data dampened big bets in the crypto market.
Investors are trying to get any signals or signs about the strength of the US economy and the future of interest rates.
Bitcoin lost about 1.5% of its value today to trade at $91,093.8, after briefly falling to $90,642.7.
As for the prices of other cryptocurrencies, the price of Ethereum fell by 2.8% to $3,156.15, while Ripple, which was among the best performers this week, fell by 4%.
Solana fell by about 0.6%, while Cardano declined by about 2.2%, and BNB fell by 1.8%.
The price of Dogecoin fell by about 0.6%, while the price of Trump Media fell by 1.1%.
Markets are closely watching the release of the US non-farm payrolls data for last December, which is scheduled to be announced tomorrow, Friday.
This data is widely expected to influence the US Federal Reserve's decision on interest rates, with the likelihood of maintaining the current level increasing in the near term.
