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US Politics

Breaking: US Nonfarm Payrolls Surge To 256K, What Next For Bitcoin?

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Nonfarm payrolls data showed that US employment increased to 256,000 in December while unemployment rate dropped to 4.1% .

Traders are now betting a first-half Fed rate cut and predict that there will be only one rate cut this year .

This development presents a bearish outlook for Bitcoin , considering how macro data could play out in the minds of investors.