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Bitcoin Just Fell on Good Jobs News — CPI Is the Next Big Test

Dollar Faultline · via YouTube

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Bitcoin Just Fell on Good Jobs News — CPI Is the Next Big Test America just got a stronger-than-expected jobs report — and Bitcoin fell. U.S. payrolls jumped by 162,000 in August, unemployment held at 4.1%, and markets quickly started repricing the odds of another Federal Reserve rate hike. Treasury yields moved higher, the dollar strengthened, stocks weakened, and Bitcoin dropped below $80,000 during the immediate…

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