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effizypo1995
Nonfarm payrolls across the board missed expectations, but Bitcoin rallied against the trend: rate cut trades reignited
The US September nonfarm payroll data delivered a "broad miss" — only 29,000 new jobs added, less than a third of the expected 90,000, unemployment rate rose to 4.2%, average hourly earnings growth slowed to 3%, and the private sector was also weak. The cooling signals in the labor market are very clear now.
Why did Bitcoin rise despite weak employment data?
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