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Why the Nonfarm Payrolls Report Is Bad for Stocks and Good for Expected Bitcoin ETFs

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Why the Nonfarm Payrolls Report Is Bad for Stocks and Good for Expected Bitcoin ETFs


The US Bureau of Labor Statistics reported Friday that employers added 216,000 jobs in December, causing a muted response in crypto markets ahead of an anticipated Bitcoin exchange-traded fund (ETF) approval. The unemployment rate remained at 3.7%, while average hourly earnings rose 0.4% monthly.…

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