Bitcoin Price Plummets Post-Jobs Data
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•Why Bitcoin Price Is Dropping Suddenly After Recovery to $102K?
70% Informative
Bitcoin price fell below $ 97.5 K after Us jobs data and ISM Services Prices PMI .
BTC price fell 5% within hours from an intraday high of $ 102,712 .
JOLTS jobs openings increased by 259,000 to 8,098 million for November 2024 .
This indicates the labor market remains strong and the Fed rate cuts may be limited in 2025 .
Traders remains bullish to but the directions depend on macroeconomic and technical factors.
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