Bitcoin traders are watching the July US nonfarm payrolls report closely, with economists forecasting just 83,000 new jobs and the unemployment rate holding at 4.2%. A weaker-than-expected reading could revive expectations for easier Federal Reserve policy and potentially provide a short-term boost to the Bitcoin price. The setup resembles June, when payroll growth significantly disappointed expectations. The US economy added only 57,000 jobs, compared with forecasts of roughly 110,000. Bitcoin initially reacted strongly, gaining about 4% and approaching $62,000 before extending the move… Read more
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