Bitcoin News on Nostr: BTC price dips 1.8% as Bitcoin tackles ‘schizophrenic’ new US jobs dataBitcoin ...

BTC price dips 1.8% as Bitcoin tackles ‘schizophrenic’ new US jobs dataBitcoin resistance shifts higher as a snap reaction to unusual U.S. employment data delivers classic BTC price volatility.Data from Cointelegraph Markets Pro and TradingView showed a $1,300 BTC price dip within a single hourly candle before a rebound entered.Bitcoin joined a knee-jerk reaction to U.S. nonfarm payrolls data, which vastly beat expectations to suggest that the labor market was coping with tight fiscal policy better than forecast.This, in turn, pushed back the odds of the Federal Reserve lowering interest rates — a key prerequisite for a liquidity influx into risk assets and crypto.“It does close the door on July rate cut,” economist Mohamed El-Erian responded, quoted by Bloomberg.