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The US economy added only 142,000 jobs in April, falling short of the 180,000 consensus estimate. The unemployment rate held steady at 4.1%, while wage growth moderated to 0.3% month-over-month. The softer labor market data reinforced expectations that the Federal Reserve would begin cutting rates at its June meeting. Bitcoin surged past $72,000 following the release, reflecting growing confidence in monetary easing.
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