With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst. The U.S. added 187,000 jobs in August versus expectations for 170,000 and up from a downwardly revised 157,000 in July (revised from 187,000). The unemployment rate for August was 3.8% versus forecasts for 3.5% and last month’s 3.5%. The price of bitcoin (BTC) was little-changed at just above $26,000 in the minutes following Friday morning’s report from the Bureau of Labor Statistics. It’s been a rough week for bitcoin, which surged to above $28,000 Tuesday following Grayscale’s court victory over the SEC in that company’s quest to convert its Bitcoin Trust (GBTC
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