Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

From cointelegraph.com

Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data. chart Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday trading range. Wall Street opened with a whimper despite U.S. payrolls for July coming in at twice estimated levels. The curious reaction had some analysts arguing that the numbers did not in fact show economic strength, but rather existing workers taking on second jobs due to inflation. “The gain of 528K jobs in July as the labor force participation rate ... (full story)

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