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Cobak Token 트윗 - 📉 Bitcoin climbed to $66,500 over the weekend, driven by the lowest Personal Consumption Expenditures (PCE) price index increase in three years (2.2%), nearing the Fed''s 2% inflation target. 📊

Wall Street has responded positively to last week’s economic data. Oxford Economics highlighted that strong wage growth and savings are supporting consumer spending, keeping the economic outlook bright and helping sustain a solid labor market for the next 1-2 years. 💼💪

However, the strength of the U.S. job market will be tested this week with the September jobs report on October 4. While experts expect a healthy labor market, they also foresee some slowdown compared to earlier trends. ⚠️

Some investors may reduce their exposure ahead of the report to manage risk, potentially increasing short-term selling pressure. 📉

While there’s optimism for #Bitcoin in October, be mindful of potential volatility leading up to the jobs report. 🚨📊

#Crypto #BTC #StockMarket #Investing #JobsReport #Recession #Finance #Bitcoin