Bitcoin faced renewed volatility on Thursday after stronger-than-expected U.S. labor data fueled speculation that the Federal Reserve could maintain its hawkish stance following its latest interest rate hike. Initial jobless claims fell by 10,000 to 196,000 for the week ending September 12, according to U.S. Department of Labor data. The figure came well below the 207,000 forecast and the previous weeks 206,000 reading. Meanwhile, the four-week moving average declined to 203,250. The stronger labor-market data could support tighter Federal Reserve policy because fewer unemployment claims… Read more
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