The U.S. unemployment rate in July was 4.3%, the highest since October 2021, which is good for the cryptocurrency circle

The seasonally adjusted non-farm payrolls in the U.S. in July were 114,000, lower than the expected 175,000, which is good for the cryptocurrency circle

There are more unemployed people and the economy is declining, so the Fed will cut interest rates in advance

It is conducive to a rate cut in September

BTC has been hit down after 3 consecutive spikes, why?

The rate cut is good, but it cannot stop the two short-term negatives:

(1) The major conflict between Israel and Iran

(2) The release of Mt. Gox tokens

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