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US Bureau of Labor Statistics' Job Data Revision Could Spark Crypto Market Turmoil

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Upcoming NonFarm Payrolls revision could shake up crypto market more than any recent economic report

Next week, the U.S. non-farm payroll data for July 2024 is anticipated to be revised by the Bureau of Labor Statistics , which could have a revolutionary effect on the cryptocurrency.

However, more aggressive rate cuts earlier than anticipated could result from a weaker-than-expected job market.Shiba Inu Is Sleeping: When Will It Wake Up? Solana on Reversal Support, Is Bitcoin Finally Safe on $60,000?As investors reassess their plans, this change in expectations may cause a sell-off in risky assets like stocks and cryptocurrencies. This might cause volatility in cryptocurrencies like Bitcoin to rise.

 

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