Bitcoin and Ethereum Prices Plummet Amid Weak Economic Data and ETF Outflows

Cryptocurrencies face significant declines as investors react to disappointing jobs report and ongoing ETF withdrawals.

Bitcoin's price fell below $53,000, marking an 8% drop in less than 24 hours.
Ethereum hit its lowest price of 2024, trading at $2,178 after an 11% weekly decline.
The crypto market's total capitalization dipped below $2 trillion for the first time since February.
Over $272 million in cryptocurrency positions were liquidated in the past 24 hours.
Investors are closely watching the Federal Reserve's upcoming interest rate decision.