$PEPE
Investors were left eager as the new U.S. employment data came in weaker than expected, with significant downward revisions to the preliminary figures. The lackluster job data sent Bitcoin and Wall Street into the red on a disappointing July report with lower-than-expected job numbers and drastic revisions to previous months' data. Cryptocurrency markets were in a sea of red on Friday morning. Bitcoin reported dropping to below $115,000 after the U.S. Bureau of Labor Statistics (BLS) reported that only 73,000 jobs were added in July, a figure that was higher than June's 14,000 but far below the 115,000 economists had anticipated. To add insult to injury, unemployment rose from 4.1% in June to 4.2% in July, although this was expected. But perhaps more than the stunning job creation numbers were the downward revisions of employment figures for the previous two months. Both May and June had 258,000 fewer jobs than originally reported, painting a bleaker picture of the country’s labor market than previously thought. #TrumpTariffs
