✉news BusinessCrypto first seen 6 h ago, last 6 h ago, peak #34

Bitcoin stalls near $87,000 after US jobs report

Original: Bitcoin price stalls near $87,000 after US jobs report shows modest payroll gains.

Bitcoin is holding near $87,000 after the latest US jobs report showed only modest payroll gains. Traders are weighing what slower hiring means for Federal Reserve rate policy, with the cryptocurrency failing to break higher despite expectations that a cooling labour market could encourage looser monetary policy. Attention now turns to upcoming inflation data and the Fed's next moves.

Why now: Traders are reacting to fresh US labour market data and its implications for interest rates and crypto prices.

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• Bitcoin price stalls near $87,000 after US jobs report shows modest payroll gains. · Pluang

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