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The unexpected strength in the labor market presents a dilemma for the Federal Reserve. Policymakers are grappling with the question of whether to raise interest rates further to cool the economy and combat rising inflation. In a welcome development for the US economy, the Labor Department released its monthly Employment Situation
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The leading cryptocurrency by market value rose almost 1% to touch $30,300, reversing some of Thursday's slide. The MSCI's broadest index of Asia-Pacific shares, excluding Japan, extended the prior session's weakness to drop to a five-week low, while U.S. stocks registered notable losses after a blowout ADP private-sector employment report
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Bitcoin fell below $28,000 to start the week, as markets continued to react to last Friday’s United States nonfarm payrolls (NFP) report. The payrolls report came in at 250,000 versus expectations of 180,000 jobs. Ethereum was also lower, as prices fell back below $1,900. Bitcoin Bitcoin (BTC) moved lower to start the
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Bitcoin consolidated for a third consecutive session on Friday, hours before a much anticipated nonfarm payrolls (NFP) release. Many are expecting that payrolls will come in under the 240,000 expected sum, following recent disappointing labor data. Ethereum was also largely unchanged as of writing. Bitcoin Bitcoin (BTC) consolidated for a third consecutive
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Pressure on the U.S. banking system is questioning whether the Fed can push ahead with such an aggressive tightening cycle, analysts at ING said. Source
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Bitcoin retreated from a six month high on Feb. 3, as bears reentered the market ahead of today’s U.S. non-farm payrolls (NFP) report. Following a move above the $24,000 level on Thursday, sentiment shifted, as traders prepared for the pivotal report, which is expected to come in at 185,000. Ethereum
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Ethereum was marginally lower on Dec. 6, as markets prepared for this afternoon’s nonfarm payrolls report. December’s report is set to show an addition of 200,000 jobs to the U.S. economy, which would be down from November’s figure of 263,000. Bitcoin was also slightly down ahead of the release. Bitcoin Bitcoin (BTC)
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"We have seen two-way flows ahead of the data release, with some clients putting on short-dated put spreads on BTC and ETH for downside protection. At the same time, there has also been buying interest in short-dated call spreads," the founder and CEO of quant-driven trading firm TDX Strategies, Dick
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Bitcoin was trading below $20,000 on Friday, as markets prepared for the release of the latest U.S. nonfarm payrolls report. The token moved lower for the third consecutive session, as bearish sentiment returned to markets. Ethereum continued to consolidate ahead of this afternoon’s release. Bitcoin Bitcoin (BTC) was back below $20,000 on
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