@gagash
Bitcoin price ignores major US payrolls miss to erase $113.4K surge
Bitcoin price strength disappears despite nonfarm payrolls data cementing Fed rate cut bets, and bulls are nowhere to be seen.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching new September highs of $113,400 before dropping almost $3,000 in an hour.
The August print of US nonfarm payrolls (NFP) confirmed that the economy added 22,000 jobs — far fewer than the anticipated 75,000.
The US dollar's strength plummeted as a result, while gold hit new all-time highs.
https://cointelegraph.com/news/bitcoin-price-ignores-major-us-payrolls-miss-erase-113-4k-surge
0 reply
0 recast
2 reactions