CryptoSlate reports Bitcoin fell below 77K as oil rose above 90 and yields climbed.
CryptoSlate posted that Bitcoin fell below 77K even as US labor data softened. The post states pressure comes from oil above 90, rising Treasury yields, and markets keeping September hike odds near 66 percent. It adds that payrolls data on Sept. 4 could shift those odds. The linked CryptoSlate article describes Bitcoin hitting a 77,000 wall with the Fed trapped between weak jobs and 90 oil, noting an energy shock kept inflation fears alive.
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CryptoSlate reports Bitcoin fell below 77K as oil rose above 90 and yields climbed.
CryptoSlate posted that Bitcoin fell below 77K even as US labor data softened. The post states pressure comes from oil above 90, rising Treasury yields, and markets keeping September hike odds near 66 percent. It adds that payrolls data on Sept. 4 could shift those odds. The linked CryptoSlate article describes Bitcoin hitting a 77,000 wall with the Fed trapped between weak jobs and 90 oil, noting an energy shock kept inflation fears alive.
CryptoSlate@CryptoSlate📊 DATA: Bitcoin fell below $77K even as US labor data softened. The pressure is elsewhere: oil is above $90, Treasury yields are rising and markets still put September hike odds near 66%. Payrolls on Sept. 4 could decide whether that changes.
CryptoSlate@CryptoSlate📊 DATA: Bitcoin fell below $77K even as US labor data softened. The pressure is elsewhere: oil is above $90, Treasury yields are rising and markets still put September hike odds near 66%. Payrolls on Sept. 4 could decide whether that changes.
