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Bitcoin Under Pressure As US Job Growth Slashes Fed Rate Cut Hopes – Is The Rally Over?

  • Bitcoin experienced slight losses following the US June employment report showing a lower-than-expected unemployment rate of 4.1%.
  • Strong job market data suggests the Federal Reserve may maintain interest rates, impacting risk assets like cryptocurrencies.
  • Data indicates a high probability of the Fed keeping rates steady at its July meeting, potentially affecting Bitcoin's performance in the short term.
  • Binance observed aggressive buying activity before the employment data release, with analysts split on Bitcoin's future performance.

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