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Crypto

Bitcoin Stalls Ahead of US Jobs Report

Guavy AI Editorial Team
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Bitcoin is trading flat at around $77,700 as crypto traders await Friday's U.S. jobs report, which could influence expectations for the Federal Reserve's next major move.

The market is in a wait-and-see mode ahead of the employment release, with Bitcoin and Ethereum holding relatively steady near $77,700 and $2,400 respectively.

About 68% of all Bitcoin in circulation is currently in profit despite global uncertainty, indicating resilience in the market.

However, demand for Bitcoin ETFs has become less consistent after strong inflows in August, suggesting that large investors have been less active lately.

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