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Bitcoin briefly tops $87,000 on weak US jobs data

Original: Bitcoin briefly hits $87,200 as weak US jobs data pushes bond yields lower Bitcoin spiked past $87,000 after US nonfarm

Bitcoin briefly climbed past $87,200 after US nonfarm payrolls came in below expectations, pushing bond yields lower and lifting risk assets. The rally stalled as selling pressure mounted, keeping the cryptocurrency short of new eight-month highs. Traders are watching whether softer economic data will sustain momentum in coming sessions.

Why now: The weak US jobs report moved markets and Bitcoin's sharp jump past $87,000 is drawing attention.

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Evidence

• Bitcoin briefly hits $87,200 as weak US jobs data pushes bond yields lower Bitcoin spiked past $87,000 after US nonfarm payrolls missed expectations, but selling pressure prevented a move to new eight-month highs. https:// newisty.com/blog/bitcoin-brief… · newisty

API: https://socialmediatrends-api.osmike.com/v1/trends/849577