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Gains early Friday in $BTC appeared to reverse after the Labor Department reported that the U.S. economy added 528,000 jobs in July — double the number economists had forecast. Chart of the Day explains the data, presented by cryptocom:

U.S. unemployment rate remains at a pre-pandemic low while payroll increased 528,000 last month – doubling the estimates. Meanwhile, Coinbase shares are rising amid BlackRock partnership news and earnings report next week. CoinDesk Managing Editor for Markets Brad Keoun and Reporter Cameron Thompson unpack this week's top stories and look ahead into next week's big events.

A show dedicated to all things, questions and markets related to bitcoin & Bitcoin -- and to the collective journey to understand, apply and use this innovation. All bitcoin, all the time. Hosted by Christine Lee.

 

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cryptocom I truly believe previous dip was to scare retail into selling, allowing institutions to buy cheaper, They were late to the game, they needed a better entry. Follow ArthurBrianR

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Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debateThere's no fooling analysts on inflation as U.S. payroll data accompanies fresh Bitcoin price rejection.
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