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What to Expect in Bitcoin Price After Strong Employment Data from the US? Will Interest Rate Cuts Be Postponed?

The cryptocurrency market experienced a decline after strong U.S. employment data was released. The report showed that the U.S. economy added more jobs than expected, leading to concerns that the Federal Reserve may delay cutting interest rates. Since the Fed's meeting in December, Bitcoin has lost over 10% of its value. The market's performance heading into the weekend will depend on how much the employment report exceeds expectations. As a result, Bitcoin could potentially fall below $92,000.

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