Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

Cointelegraph

Published Aug 05, 2022 10:42AM ET

Updated Aug 06, 2022 05:40AM ET

Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday trading range.

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