Bitcoin’s $3K Drop: Why Analysts Remain Bullish
Visit this link to consistently profit in Binance futures trading, receive free bitcoin trading signals, and access the Cornix trading Bot for optimal automated trades: https://telegram.me/cryptosignalalert . Download our free app to receive signals on your mobile device: https://play.google.com/store/apps/details?id=com.freecryptosignals.app The system is broken, said the Kobeissi Letter after the US stock market tumbled alongside crypto following the blowout jobs report. All eyes on Friday were on the US jobs report, which actually showed that the US economy had added 162,000 jobs in August, almost triple expectations of roughly 55,000-58,000. The unemployment rate remained at 4.1%, while July’s initially reported loss of 23,000 jobs was revised to a gain of 21,000. The reaction in financial markets was instant. Bitcoin dropped sharply below $79,000 after it was rejected at $82,400 earlier that day, and the US stock market joined the ride. In contrast, Treasury...