View full page at cryptocraft.com

 

Bitcoin squeezes shorts in $108K spike as US jobs drop most in 2 years

From cointelegraph.com

Bitcoin touched $108,000 at the July 2 Wall Street open as a major miss in US employment sparked volatility. {chart} Data from Cointelegraph Markets Pro and TradingView showed BTC/USD up 2% on the day at the time of writing. Gains accompanied a surprise retraction in private-sector payrolls data, which came in 33,000 lower in June to hit its lowest level since March 2023. Estimates from management firm Automatic Data Processing (ADP), which compiled the data in its National Employment Report, had seen an increase of nearly 100,000. "Though layoffs continue to be rare, a hesitancy to hire and a reluctance to ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis