Anticipating a slowdown in the economy and easier Fed monetary policy, investors have sharply bid down interest rates in the weeks leading up to this morning’s numbers. The U.S. economy saw stronger-than-expected job growth of 199,000 in November. The unemployment rate also beat expectations, dipping to 3.7%. Economist forecasts had been for jobs added of 180,000, up from 150,000 in October. The unemployment rate had been forecast to remain flat at 3.9%. The price of bitcoin (BTC) fell about 0.5% in the minutes following Friday morning’s release to $43,500. In traditional markets, interest rates are shooting higher, with the 10-year U.S. Treasury yield up 8 basis points to 4.24%. U.S. stock index futures have turned lower, the Nasdaq 100 off 0.7%. Bitcoin is in the midst of a sharp 60%
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