Bitcoin Makes a Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts

Bitcoin Makes a Push for $57K as Fed Taper Fears Linger, Leveraged Funds Boost Shorts


The U.S. jobs data, which released on Friday, showed Nonfarm payrolls increased by 194,000 in September, compared to the Dow Jones estimate of 500,000. However, the jobless rate dropped to an 18-month low of 4.9%, keeping the Fed on track to begin unwinding the crisis-era stimulus from November and lift interest rates by mid-2022.

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