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US unemployment rate is higher than expected, bitcoin reacts positively

Binance

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The US unemployment fee (NFP) was announced at three.7%, greater than the forecast of 0.2%. As soon as this knowledge was released, the S&P 500 index rose zero.9% to 3,997 points in simply 1 hour. Apart from, the crypto market additionally reacted positively. BTC is trading round $20,303, up 1.12%. Similarly, RBIF rallied 8%. .????

On September 13, the US will announce the CPI inflation index. Within the subsequent 10 days, Bitcoin and altcoins might enter a short retracement (or sideways) because of the constructive influence of macro news out there. (That is private opinion, not advice)????

submitted by /u/WebterLuu
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