Bitcoin News: A Weak Jobs Report Just Slashed Fed Rate Hike Odds in Half, And Bitcoin Bounced Off $57,750 to Reclaim $61,000
Bitcoin recovered above $61,000 after June non-farm payrolls missed badly, cutting Fed rate-hike odds and triggering on-chain seller exhaustion signals not seen since 2022.
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Weak US jobs data reduced Federal Reserve rate-hike expectations, correlating with Bitcoin's price recovery from $57,750 to above $61,000.
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