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Bitcoin manages to shake off a US nonfarm payrolls beat as Trump insists yet again that the Fed begins to cut interest rates — will Chair Jerome Powell listen? points:
US President Donald Trump switches his focus from Elon Musk to Fed Chair Jerome Powell as he demands interest-rate cuts.
Bitcoin continues its rebound from the Trump-Musk debacle despite strong US employment data.
Liquidity sparks fresh concerns of a downhill BTC price “cascade.”
Bitcoin passed $104,000 at the June 6 Wall Street open as strong US labor market data contrasted with fresh calls for interest-rate cuts edges higher as Trump moves to Fed
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD up 2.5% on the day.
Having recovered from snap losses over the ongoing spat between US President Donald Trump and SpaceX CEO Elon Musk, markets digested fresh inflation cues as Trump turned his attention to the Federal Reserve