📢 Crypto Update: Despite the U.S. employment market showing strength with the addition of 206,000 jobs in June, Bitcoin's price dipped slightly to $55,300. This drop, however, is minor compared to the 10% crash over the past 48 hours due to Mt. Gox repayments and German government sales.

The unemployment rate rose to 4.1%, the highest level since November 2021. Traders are predicting a low chance of a U.S. Federal Reserve rate cut at the July 31 meeting, but a 70% chance of lower rates by mid-September.

What do you think these market changes mean for the future of Bitcoin and other cryptocurrencies? Share your thoughts in the comments! 💭