Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto

Bitcoin's price has dropped to $60,000 following the release of unexpectedly strong jobs data, which has increased concerns about potential interest rate hikes. This economic news has added pressure to the cryptocurrency market, already grappling with a significant bug discovered in Zcash that raises security concerns. The combination of these factors has led to a notable decline in investor confidence, causing further volatility in the crypto space. As traders react to both the job market and technical issues within specific cryptocurrencies, the outlook remains uncertain amid ongoing economic shifts.