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U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%

The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.

The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)
The U.S. jobs report for July was released Friday morning (Tim Mossholder/Unsplash, modified by CoinDesk)