Bitcoin Dips Below $80,000 on Strong US Jobs Report
Bitcoin Magazine Bitcoin Dips Below $80,000 on Strong US Jobs Report Bitcoin dipped on news that the Federal Reserve may hike interest rates this month. This post Bitcoin Dips Below $80,000 on Strong US Jobs Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Source: Bitcoin Magazine
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DW NOTE
The Fed has held rates at 3.5%-3.75% since July. A strong jobs report raises the odds of a hike to perhaps 4% in two weeks — which means Bitcoin is pricing in a policy shift that hasn't happened yet, based on labour data released in a economy running a $1.4 trillion deficit with oil at $91 and the Strait of Hormuz still closed.