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Bitcoin rebounds to $60,000 as soft US jobs and factory data ease rate-hike fears
Bitcoin rebounded from local lows to $60,000 – a 21-month high – after softer-than-expected US jobs and factory data revived hopes that the Federal Reserve may ease its hawkish stance. Investors interpreted the weak figures as a signal that interest rate hikes could be slowing, boosting appetite for risk assets including cryptocurrencies. The rally marks a significant recovery for BTC after a prolonged downturn.
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