Jobs Report Triggers Bitcoin Dip and Treasury Yield Rise, But Fed Odds Unchanged

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Bitcoin declined and U.S. Treasury yields climbed on Friday following the release of the latest jobs report. Markets initially reacted in a hawkish manner, suggesting expectations of tighter monetary policy. However, Federal Reserve interest rate hike probabilities remained largely unchanged after the data. Analysts note that the market reaction appears exaggerated relative to the actual shift in Fed policy expectations.

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