Cryptocurrency on downward trend despite positive U.S. payroll data

With the U.S. Department of Labor releasing non-farm payroll data for June that exceeded market expectations, the cryptocurrency market continues to show a downward trend, BeInCrypto reported. The publication outlined that while the U.S. jobs market is showing positive momentum, the cryptocurrency market is not responding to it. Currently, the BTC relative strength index (RSI) stands at 40.76, which is outside the neutral (50) range. The U.S. Department of Labor announced that non-farm employment increased by 206,000 in June. This is higher than market expectations (191,000). Currently, BTC is trading at $56,416.40, down 1.79%, according to CoinMarketCap.