Home Cryptocurrency U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX’s Collapse

U.S. Nonfarm Payrolls Eyed as Bitcoin Heads for Largest Weekly Loss Since FTX’s Collapse

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“However, significant inflows would depend on broader market sentiment and risk appetite. Currently, however, we’ve recently seen quite underwhelming flows and a lack of “dip-buying,” Kooner said. “If the job market appears more resilient, bitcoin might face downward pressure as the likelihood of near-term rate cuts diminishes.”

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