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Hot jobs data strengthens the dollar and crushes crypto's rate-cut hopes
May's 172K jobs report doubled forecasts, sending Bitcoin near $60K and the Fear & Greed Index to 12 as rate-cut hopes evaporate across crypto markets.
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cryptobriefing.com
Bitcoin steadies after bruising selloff as jobs data offers a glimmer
Bitcoin stabilizes near $66K after dropping from $81K as ADP jobs data offers relief. Fear and Greed Index hits 11. Friday's payrolls report looms large.
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edition.cnn.com
The US economy added a stronger-than-expected 172,000 jobs last month | CNN Business
The US labor market appears to have found its footing: The economy added 172,000 jobs in May, shattering expectations, new data from the Bureau of Labor Statistics showed Friday.
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coindesk.com
U.S. job growth blows past forecasts, setting stage for Fed rate hikes
Bitcoin is now facing another headwind — the prospect of higher interest rates.
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Hot jobs data strengthens the dollar and crushes crypto's rate-cut hopes
May's 172K jobs report doubled forecasts, sending Bitcoin near $60K and the Fear & Greed Index to 12 as rate-cut hopes evaporate across crypto markets.
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May jobs report crushes expectations with 172,000 new positions, complicating Fed rate cut hopes
The May 2026 BLS jobs report added 172,000 positions, roughly double the consensus forecast. Here's what the strong labor data means for crypto investors.
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Bitcoin briefly falls below $60K for the first time since October 2024
Bitcoin fell below $60K on June 5, its weakest level since Oct 2024, as hot jobs data fueled bets on Fed rate hikes, sent the dollar higher.