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Bitcoin drops to $23,250 on significantly higher-than-expected US payroll data

Bitcoin

By Press Last updated Feb 3, 2023

The U.S. Bureau of Labor Statistics (BLS) released nonfarm payroll data showing 517,000 jobs were added in January, marking a significantly higher-than-expected increase.

Economists had forecast 185,000 nonfarm jobs to be added for the month, fewer than December’s actual 223,000 jobs added.