Bitcoin Eyes $70K Close: Impact of a Robust Labor Market

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Stronger-than-expected employment data could put more downward pressure on Bitcoin’s price. Are ETF inflows enough to get a weekly BTC close above $70,000?

Bitcoin’s (BTC) price could be pressured by the accelerating labor market in the world’s largest economy, the United States.

The nonfarm payrolls report, published on June 7, measures the change in the number of people employed during the previous month, excluding the farming industry.



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