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Bitcoin Slides Below $80,000 as Strong Jobs Data Fuels Rate Hike Bets

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin dropped over 3% below $80,000 following stronger-than-expected US nonfarm payrolls.
  • The robust labor market data boosted Treasury yields and the dollar, dampening risk appetite and increasing expectations of prolonged Federal Reserve policy tightening.
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BTCUSD price history

75751.95 +13.07% over the displayed period

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