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CoinGape
2022-10-07 14:56:31

Bitcoin Tumbles As Probability Of 75 Bps Fed Rate Hike Jumps After US Jobs Data

Bitcoin Tumbles As Probability Of 75 Bps Fed Rate Hike Jumps After US Jobs Data

Bitcoin (BTC) price tumbled over 4% after the U.S. Bureau of Labor Statistics released non-farm payroll data for September. The U.S. unemployment rate fell to 3.5%, below the expected 3.7% in September. Moreover, the probability of a 75 bps Fed rate hike in November has jumped over 80% from an earlier value of 75%. Bitcoin The post Bitcoin Tumbles As Probability Of 75 Bps Fed Rate Hike Jumps After US Jobs Data appeared first on CoinGape.

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