Bitcoin Breaks Bullish Trendline; US Jobs Data Eyed
An above-forecast U.S. wage-growth figure may revive expectations of a 75 basis point Fed rate hike and bring more volatility to markets. Original Source
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Bitcoin Drops for Third Straight Day as Dollar Hits 21-Month High, US Wages Eyed
According to macroeconomic theory, an uptick in wages can push up inflation. As wages rise, employers pass on the increase in labor cost to the final consumer, resulting in an uptick in the general price level in the economy. Workers demand higher wages in response, setting a vicious cycle of
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