The cryptocurrency market has turned bearish ahead of the Non-farm Payroll (NFP) data in the United States. Bitcoin has dropped below the $70,000 level, while Ether is down 4% in the last 24 hours and now trades at $2,050. Currently, traders are focusing their attention on the US jobs report due at 13:30 UTC. The unemployment rate is expected to remain unchanged at 4.2% while nonfarm payrolls are forecast to drop to 59,000. The NFP report is crucial since it can influence expectations around Federal Reserve interest-rate policy, often leading investors to reduce risk exposure ahead of the release. PI, the native coin of the Pi Network, has lost 1% of its value since Thursday.