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May’s surprising pace of job growth along with a rise in wages added to conviction that the Federal Reserve will stay on hold through this summer and possibly beyond. The Bureau of Labor Statistics reported Friday that nonfarm payrolls increased by 272,000 for the month, considerably higher than the Wall Street consensus of 190,000 and well above April’s ...
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The Bitcoin price on Friday bounced off the key support at about $70,321 to trade at about $71,075. The BTC/USD appears to be trading within a sideways channel formation in the 60-minute chart. The price of the pioneer cryptocurrency continues to trade a few levels above the 100-hour moving average line. Despite the rebound, Bitcoin seems to have some room ...