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Bitcoin Faces Volatility as U.S. Jobs Data Shakes Market Sentiment
Bitcoin price saw significant volatility on Thursday as U.S. employment data exceeded expectations, resulting in a sharp reversal in price action. The cryptocurrency initially surged toward $110,000 but quickly retraced much of its gains. Market analysts noted that this shift was primarily due to stronger-than-expected U.S. job reports, which led to a decrease in the odds of the Federal Reserve lowering interest rates in the near term. U.S. Employment Data Fuels Market Shift: On Thursday, U.S. nonfarm payrolls data revealed that job additions in June surpassed forecasts, while the unemployment rate dropped ... (full story)
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