CRYPTO MECHANIC
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Positive jobs data or higher than expected jobs data is good for US economy and US dollar.
Anything that is good for DXY is bad for crypto that being said the data is not bullish.
Stronger Dollar = Weaker Bitcoin
This is how it is. News effects are temporary most of the time.
Will bitcoin dump on this data? To be honest its upto market makes which way they want to move the market.
Anything that is good for DXY is bad for crypto that being said the data is not bullish.
Stronger Dollar = Weaker Bitcoin
This is how it is. News effects are temporary most of the time.
Will bitcoin dump on this data? To be honest its upto market makes which way they want to move the market.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
96,275.3
-0.36%