Bitcoin continues to experience volatility following a mixed US jobs report for November, which revealed 64,000 new payrolls but an increase in unemployment to 4.6%, the highest level since 2021. This conflicting economic data initially caused a spike in Bitcoin prices, followed by a pullback, as traders navigate ongoing macroeconomic uncertainties.
Market participants are now turning their attention to the upcoming December 18 Consumer Price Index (CPI) report for further insights into Federal Reserve policy directions. The pending approval of a Bitcoin ETF also remains a focal point, with potential implications for regulations related to Countering the Financing of Terrorism.
Bitcoin Volatility Persists Amid Mixed US Jobs Data
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