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Crypto Wrap Week 40: Bitcoin Tops $87K, Then Retreats on Weak Jobs Data
Bitcoin opened the week near $83,777 and hit a high of $87,220 on Oct. 2, when the US jobs report landed. September payrolls rose by only 29,000, well under forecasts, and unemployment ticked up to 4.2%. Bitcoin then slid back toward $84,000 as sell orders near $87,300 capped the move, wiping out nearly $600 million …
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About the author
Covers Bitcoin, on-chain data and market structure. Breaks down what the charts and wallet flows are actually saying, without the hype.
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