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Bitcoin neared $60,000 amid a recovery from recent declines,, though analysts caution about further potential drops. Market attention shifted to US economic data, with Non-farm employment figures at 175k (below the expected 238k) and unemployment at 3.9% (slightly up from the expected 3.8%). Positive job data typically indicates economic strength, affecting the Fed's policy decisions; strong figures often boost the dollar (DXY), leading to a slight Bitcoin retreat, while weaker numbers could push DXY down, favoring Bitcoin. The reaction to this data will likely drive high volatility in the market 📉📈. #Bitcoin #DXY #usjobs #cryptocurrency
Bitcoin neared $60,000 amid a recovery from recent declines,, though analysts caution about further potential drops. Market attention shifted to US economic data, with Non-farm employment figures at 175k (below the expected 238k) and unemployment at 3.9% (slightly up from the expected 3.8%). Positive job data typically indicates economic strength, affecting the Fed's policy decisions; strong figures often boost the dollar (DXY), leading to a slight Bitcoin retreat, while weaker numbers could push DXY down, favoring Bitcoin. The reaction to this data will likely drive high volatility in the market 📉📈. #Bitcoin #DXY #usjobs #cryptocurrency
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