Last week, the number of Americans filing for unemployment benefits for the first time was 212,000, lower than expected, indicating a recovery in the labor market, which caused Bitcoin prices to fall below $68,000. This further reinforces expectations that the Federal Reserve will keep interest rates unchanged. According to CME's FedWatch, the probability of holding rates steady at the March meeting is as high as 98%. Previously released inflation data exceeded expectations, and market focus has shifted to the upcoming Producer Price Index (PPI) report.

BTC-3.03%
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