The US economy added 165,000 jobs in October, compared with just 59,000 expected, while the unemployment rate fell to 4.1%, below the anticipated 4.2%. September figures were also revised upward by 31,000 jobs. Bitcoin initially dropped from $76,000 to $75,200 before erasing almost all its losses. The previous day, it fell from $81,000 to a multi-month low of $75,100 before rebounding slightly. The stronger data reduces expectations of rapid monetary easing by the Federal Reserve, which can weigh on risk assets such as bitcoin.
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