Bitcoin dipped a hair on the news but prices had already crashed over the past 48 hours as markets dealt with a crush of new supply. The U.S. employment market remained reasonably strong in June, with the U.S. Bureau of Labor Statistics reporting Friday the addition of 206,000 jobs, down from May’s 218,000 (revised from an originally reported 272,000) but modestly topping economist estimates for 190,000. The unemployment rate in June rose to 4.1% versus 4.0% in May and forecasts for 4.0%. Average hourly earnings rose by 0.3% compared with forecasts for 0.3% and May’s 0.4%. Looking at the metric on a year-over-year basis, it was higher by 3.9% versus expectations for 3.9% and the previous month’s 4.1% reading. The price of bitcoin (BTC) dipped a hair to $55,300 in the minutes following the
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