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If you are surprised then do not be as BTC slips on US jobs

In previous updates today I noted how intertwined now BTC is with the wider markets and as the dollar now rebounds further I hope you can appreciate the impact this has had on BTC. The lead coin has fallen back, with that move higher in US yields and the dollar and now it is dropping to session lows as it approaches the 42,500. As to where it heads to from here could continue to rest with that USD direction and the US treasury yields, which have of course jumped on this jobs news. That said, they may have some way to potentially go, given the extent of the gains in payrolls and wages. It really all depends on how much the markets now throw in the towel on their outlook for future Fed rate cuts. 

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