Live updates: Bitcoin trades near $77,000, as yields ease following soft ADP jobs report
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Bitcoin traded near $77,000 after a softer-than-expected ADP jobs report prompted Treasury yields to ease and the dollar to retreat. The immediate market reaction favored risk assets, lifting Bitcoin as rate-tightening expectations softened. Key implication: if macro data continues to surprise to the downside and yields remain subdued, Bitcoin could see further near-term upside, but a reversal in economic data or yields would likely weigh on price.
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