August’s nonfarm payrolls data offered some relief to traders as the economy added 315,000 jobs for the month, well below the 526,000 in July. It was the lowest monthly gain since April 2021, increasing hopes that the data leaves some scope for the Federal Reserve to soften its aggressive tightening policy. The CME FedWatch Tool showed a 60% probability of a 75 basis points rate hike for the September 21 meeting, down from 75% on August 29. Bitcoin has been trading inside a tight range between $19,500 and $20,715 for the past few days. The failure to push the price back above $20,715 indicates that bears are trying to flip this level into resistance. KEY TRADING LEVELS Top Content This Week! CRYPTO EXCHANGE BINANCE HIRES | | | | UK ELECTS CRYPTO-FRIENDLY | | | | ADVANCEMENTS IN THE CRYPTOCURRENC | | | | Top Article This Week! | MANILLA FINANCE TO SUPPORT PURE | | | RISE OF THE GAMEFL ECONOMY
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