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Bitcoin Trades Steady Following Lower Unemployment Than Expected

Bitcoin remained stable after the release of the US employment report, which showed 236,000 nonfarm jobs added in March and an unemployment rate of 3.5%. Economists expected 239,000 new jobs and a 3.6% unemployment rate. The leading cryptocurrency recorded a 0.5% swing in the 15-minute candle following the release, peaking at $27,980. Investors are now focused on the upcoming Federal Open Market Committee meeting on May 2-3.

(By Samuel Wan)

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