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Bitcoin Price Plummets Below $54,000 After US Jobs Report: Market Turbulence and Potential Fed Rate Cut Looming

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Bitcoin Price Plummets Below ,000 After US Jobs Report: Market Turbulence and Potential Fed Rate Cut Looming

Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets Bitcoin fell below $54,000 on September 6, 2024, following a disappointing US nonfarm payrolls report. This led to volatility in the crypto market, with Bitcoin losing roughly 4% in 24 hours and trading at $54,101. Other major altcoins, such as ether, XRP, and DOGE, … Read more

Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

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Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up

Bitcoin experienced a sudden drop to $27,000 following the release of US employment data, which showed stronger-than-expected job growth. This was seen as negative for risk assets, including cryptocurrencies. However, Bitcoin quickly rebounded and the focus shifted back to the $27,700 level. The data raised the likelihood of a potential interest rate hike by the … Read more