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Jobs Data Could Flip Dollar and Crypto | Bitcoin and Crypto News
Description
Fed Chair Kevin Warsh’s hint that inflation risks are cooling sparked a rally in Bitcoin and gold, with Bitcoin surging past $61,000 and gold rebounding above $4,050. The momentum could accelerate if the upcoming U.S. jobs report shows softer labor market data—especially weaker wage growth—which would ease inflation pressure, support the Fed’s dovish stance, and weaken the dollar. A weaker dollar could fuel further gains for Bitcoin and gold, but strong jobs numbers could quickly reverse the trend. Meanwhile, Bitcoin’s price dip is showing signs of fading selling pressure, hinting at a potential trend shift.
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