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U.S. jobs slowdown supports bitcoin, but uncertainty lingers as inflation fears resurface

Bitcoin and other risk assets could see higher volatility ahead of the release of U.S. April nonfarm payrolls data. Markets are focusing less on the headline job gain and more on whether wage growth is slowing. Economists expect job growth to cool sharply, which could support expectations the Federal Reserve will hold rates. But wages are seen accelerating, a factor that could revive inflation concerns and complicate the Fed’s policy path.