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Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later

CoinDesk LogoCoinDesk1 mo ago

Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later

Quick Summary

The positive jobs report may lead to additional Fed tightening.

Specifically, positive economic data gives the Federal Reserve's Federal Open Market Committee room to take a more aggressive approach to future rate increases.

Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price.


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Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later - CoinDesk (Picture 1)

News Analysis

Author / Journalist: Glenn Williams, Jimmy He

Category: Technology Crypto

Topics: Bitcoin Market Wrap Ether Markets Altcoins

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: coindesk.com

Readership Location: United States

Published Date: 2022-08-05, 20:27:19

News Timezone: GMT -5:00

Language: English

Original Article Length: 971 words

Reading Duration: 6 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1450968

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About Publisher

CoinDesk Logo

Name: CoinDesk

Main Topics: TechnologyCrypto

Official Website: coindesk.com

Update Frequency: 22 posts per day

Last Update: 13h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #62

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