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Bitcoin plunges below $80,000 after massive U.S. jobs shock
Bitcoin had barely recovered to $82,000. Minutes after the U.S. jobs report was released, BTC fell back below $80,000. The United States created 162,000 jobs in August, far above the roughly 55,000 expected. For crypto investors, this positive economic news has an immediate downside: it gives the Fed more room to keep rates high.
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