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Bitcoin Price Holds Above Key Support Level Amid Strong Job Report and ETF Inflows

Guavy AI Editorial Team
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BTC
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Bitcoin's price rose by 2.52% over the past week to $79,622.12, but it has yet to break through its nearest resistance level of $82,129.4.

The US employment report released on September 4 showed a higher-than-expected increase in new jobs, with 162,000 added in August, which could lead to a rate hike by the Federal Reserve.

Spot Bitcoin ETFs absorbed $986.85 million in net inflows over the past week, pushing their assets under management above $100 billion.

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