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CoinGape

Why Bitcoin Price Is Dropping Suddenly After Recovery to $102K?

CoinGape
Summary
Nutrition label

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.

VR Score

54

Informative language

43

Neutral language

46

Article tone

formal

Language

English

Language complexity

43

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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