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Bitcoin Recovers $110K Amid Strong ETF Performance And Favorable US Unemployment Data
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Bitcoin Recovers $110K Amid Strong ETF Performance And Favorable US Unemployment Data
Bitcoin peaked at over $110,000 this Thursday. BlackRock’s spot BTC ETFs outperformed its S&P 500 fund by over $100,000. The decline in US unemployment from 4.2% to 4.1% in June reinforced the asset’s price move. Bitcoin (BTC) has significantly recovered from its dip to around $98,000 after mid-June to over $110,000 this Thursday. Trading volume also picked up to over $56 billion as the largest cryptocurrency asset in the world peaked at a $2.18…
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