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Market Wrap: Bitcoin Near $58K, Rises After US Jobs Miss but Lags Altcoins

Market Wrap: Bitcoin Near $58K, Rises After US Jobs Miss but Lags Altcoins – CoinDesk

Bad news became good news on Friday for risk assets from stocks to bitcoin. The U.S. economy added 266,000 jobs in April, missing estimates of a 1 million gain. The weak jobs report reinforced expectations of continued easy money policy at the Federal Reserve, which sent bitcoin ( BTC) higher by about 2% over the past 24 hours.








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