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July Jobs Report Looms: Will Weaker Data Boost Bitcoin Again?

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BTC NFP
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The release of July's Nonfarm Payrolls (NFP) report by the U.S. Bureau of Labor Statistics is set to have a significant impact on Bitcoin traders.

Economists predict around 83,000 new jobs in July, while the unemployment rate is expected to remain at 4.2%.

Last month's weaker-than-expected jobs data pushed Bitcoin sharply higher before its rally eventually lost momentum.

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