Gains early Friday in $BTC appeared to reverse after the Labor Department reported that the U.S. economy added 528,000 jobs in July — double the number economists had forecast. Chart of the Day explains the data, presented by cryptocom:
U.S. unemployment rate remains at a pre-pandemic low while payroll increased 528,000 last month – doubling the estimates. Meanwhile, Coinbase shares are rising amid BlackRock partnership news and earnings report next week. CoinDesk Managing Editor for Markets Brad Keoun and Reporter Cameron Thompson unpack this week's top stories and look ahead into next week's big events.
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