Policy
Bitcoin Drops As US Initial Jobless Claims Decline Amid Fed Rate Hike Fears
CoinGape·August 6, 2026·1 min read
Bitcoin fell on Thursday as investors reacted to new U.S. economic data showing declining initial jobless claims. Growing worries over the Federal Reserve's policy and potential rate hikes weighed on the crypto market. Bitcoin faced rejection from the $65,000 level amid the US jobs data.
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