Barron's Weekly pointed out that due to the latest US employment data failing to significantly change the market's expectations for future Federal Reserve rate cuts, Bitcoin prices faced downward pressure, reflecting that macro employment indicators still have a significant impact on the short-term trends of digital assets. The current "mixed" signals from employment data have not driven stronger expectations for rate easing, thereby putting pressure on Bitcoin and other crypto assets.
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Barron's: US jobs data did not significantly change expectations of an interest rate cut, putting pressure on Bitcoin and causing it to fall.
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