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BITCOIN UPDATE: Last Friday, August’s non-farm payrolls (NFP) was released, which showed that 315,000 jobs were added to the U.S. economy.
Although the labor market continues to be the bedrock of optimism in the United States, it has not been enough to avert attention away from the inflationary crisis.
Despite the better-than-expected NFP number, bitcoin fell to two months low the day after the data was released, dropping below $18,600.
Since then prices of BTC have mostly consolidated, trading between a floor of $19,500 and a resistance of $20,200.
However, as of writing this, the token has surged in today’s session, with prices once again moving above $21,000.
Some attribute this rally to comments from Fed Chair Jerome Powell, who all but confirmed that rate hikes would continue, until “the job is done”.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
BITCOIN UPDATE: Last Friday, August’s non-farm payrolls (NFP) was released, which showed that 315,000 jobs were added to the U.S. economy.
Although the labor market continues to be the bedrock of optimism in the United States, it has not been enough to avert attention away from the inflationary crisis.
Despite the better-than-expected NFP number, bitcoin fell to two months low the day after the data was released, dropping below $18,600.
Since then prices of BTC have mostly consolidated, trading between a floor of $19,500 and a resistance of $20,200.
However, as of writing this, the token has surged in today’s session, with prices once again moving above $21,000.
Some attribute this rally to comments from Fed Chair Jerome Powell, who all but confirmed that rate hikes would continue, until “the job is done”.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
