Bitcoin Falls Below $111,000 After Historic Job Cuts and Rising Recession Risks

TLDR Bitcoin drops below $111,000 after BLS cuts 911,000 jobs in historic payroll revision. BLS revision shows unemployment rising to 4.3% and job additions falling below expectations. Markets anticipate a 25 basis point rate cut from the Federal Reserve in September. Gold surges 40% amid expectations of weaker job data and potential Fed rate cuts. [...]

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