Bitcoin hits new 10-week high as Trump demands rate cut on US jobs beat

Bitcoin joins stocks in preserving modestly higher levels on the day, while US nonfarm payrolls data shows the labor market “holding up” better than expected.

Key points:

The US labor market is “still holding up” as nonfarm payrolls data comes in higher than expected.

Bitcoin and stocks head higher as US President Donald Trump repeats calls for the Fed to lower interest rates.

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