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Bitcoin surpassed $51,000


Major cryptocurrency markets at this time of day

 

Bitcoin eventually surpassed the $51,000 mark.

Bitcoin recorded $51,558, up 2.74% from 24 hours ago, on Coin Market Cap, a global coin market relay site on the 6th.

Bitcoin's surge is attributed to the resurgence of the "risk-taking" phenomenon in the hope that the U.S. Fed will have no choice but to continue its ultra-low interest rate for the time being.

On the 3rd, the U.S. Department of Labor announced that 235,000 jobs in the non-agricultural sector were added in August. This is the smallest increase in seven months since January this year.

Compared to the previous 962,000 and 1,053,000 jobs in June and July, respectively, the figure has decreased significantly. Bloomberg's August job forecast for experts was 733,000.

As the employment market is again shocked by the Delta mutation, expectations are rising that the Fed will not be able to raise interest rates but also tapering within this year. As a result, cryptocurrency is rallying.

Posted by Admin
2021-09-06 01:26:06 UTC
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