Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

BTC price action stays in familiar territory as analysts discuss the true nature of estimate-beating payroll data. Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Collapsing real wages" poke fun at payroll printData from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday trading range.Wall Street opened with a whimper despite U.S. payrolls for July coming in at twice estimated levels. The....


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