Bitcoin experienced selling pressure as investors responded to softening US jobs data and decelerating economic growth. This macroeconomic environment has led to a shift towards safer assets, impacting Bitcoin's price. The market is reacting to the reduced likelihood of Federal Reserve rate cuts, contributing to the cautious sentiment. The price is currently near $90,000, reflecting investor concerns about the economic outlook and monetary policy. The cryptocurrency market is closely monitoring these developments as they unfold.
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Bitcoin experienced selling pressure as investors responded to softening US jobs data and decelerating economic growth. This macroeconomic environment has led to a shift towards safer assets, impacting Bitcoin's price. The market is reacting to the reduced likelihood of Federal Reserve rate cuts, contributing to the cautious sentiment. The price is currently near $90,000, reflecting investor concerns about the economic outlook and monetary policy. The cryptocurrency market is closely monitoring these developments as they unfold.
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