Bitcoin experienced a slight decline of 1%, while major altcoins such as XRP and Dogecoin saw more significant drops amid increased steel tariffs and poor economic indicators. XRP fell by 2.3% and Dogecoin by nearly 3%. Bitcoin has been fluctuating around the $105,000 mark during the week. The ongoing global macroeconomic challenges, including escalating tensions in Ukraine and trade tariff increases imposed by the U.S. administration, are weighing on investor sentiment. Recent employment data showed a disappointing 37,000 jobs added in May, falling short of the expected 115,000, contributing further to market unease. Additionally, the non-manufacturing Services PMI has contracted, sending additional shockwaves through the market. Despite Bitcoin's slight decrease, Ethereum managed to inch up by 0.07%, indicating some resilience among certain altcoins in an otherwise sluggish market environment. The ongoing uncertainties are keeping investors cautious, especially with potential volatility looming ahead.

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