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BTC/USD: Consolidates as the Bond Sell-Off Intensifies
Bitcoin, stocks, and American bonds retreated sharply in the overnight session as risks continued growing. The BTC/USD pair retreated to a low of 27,185, lower than this week’s high of 28,558. It remains almost 10% above the lowest level in September. Bitcoin and other cryptocurrencies came under pressure as bets of higher rates continued after the strong US vacancies data. According to the Bureau of Labor Statistics (BLS), the JOLTs job openings jumped to more than 9.16 million in August, higher than the median estimate of 8.8 million. The data came ahead of the upcoming ADP private sector jobs data by ADP. ... (full story)