Macro Roils After Surprising Jobs Report (and Bitcoin Follows)
The Breakdown
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Intro
This chapter explores the recent fluctuations in Bitcoin's price, particularly its drop below $90,000 and subsequent recovery, against a backdrop of challenging macroeconomic conditions. It underscores the impact of broader financial indicators, including the strength of the U.S. dollar and Treasury bond yields, on Bitcoin's performance amid evolving employment reports and inflation concerns.
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