Bitcoin Stalls at $116K, Fed Rate Cut Bets Hit 75%

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Bitcoin bulls are struggling to keep the market off new three-week lows despite a potential tailwinds coming from the US labor market.

Bitcoin attempts to cement a rebound thanks to US jobs data showing labor market weakness.

BTC price action remains below $116,000, but order-book data has traders favoring a short squeeze.

Evidence of dip-buying emerges on major exchange Bitfinex.

Bitcoin rejected from $116,000 at Friday’s Wall Street open as bulls sought a comeback from US trade-tariff lows.

Bitcoin bounces as US jobs miss boosts rate-cut odds


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