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CoinGape

Bitcoin Price Prediction as US Employment Nosedives to 2021 Lows

CoinGape
Summary
Nutrition label

68% Informative

US private sector employment increased by only 99,000 in August , the lowest since early 2021 .

This data point was last seen in early 2021 , sparking concerns about a recession.

The upcoming NFP release on September 6 will be crucial in setting the tone for the September 18 US Federal Reserve's interest rate decision.

Bitcoin price predictions echo a bearish outlook, if NFP data comes in hotter-than-expected.

Investors are waiting for two key events: the US Nonfarm Payrolls on September 6 and the Fed interest rate decision on September 18 .

These macroeconomic events will predict what happens to Bitcoin price and the broader crypto markets.

What are the two possible outcomes for Bitcoin 's price based on the NFP data?.

VR Score

57

Informative language

50

Neutral language

15

Article tone

formal

Language

English

Language complexity

37

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no affiliate links