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Strong Jobs Data Stokes Fears of Crypto Rally's End

Guavy AI Editorial Team
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Strong jobs data in the US has raised doubts about the ongoing cryptocurrency rally. On Friday, Donald Trump tweeted 'BE PATRIOTS for a change', which seems to be a reference to the crypto market's recent surge.

The latest jobs report showed that the economy added 428,000 new positions last month, exceeding expectations and solidifying the US labor market's recovery from the pandemic. The strong numbers have led to speculation about potential interest rate hikes by the Federal Reserve, which could negatively impact the cryptocurrency market.

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