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Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns.

(Bloomberg) -- The US Federal Reserve could soon begin easing interest rates if inflation continues on its downward path amid a strong labor market, Boston Fed President Susan Collins said in an interview with the Providence Journal.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for

The latest price moves in crypto markets in context for Aug. 9, 2024.

Renowned economist Peter Schiff linked Bitcoin’s (CRYPTO: BTC) recovery rally to former President Donald Trump’s sons making a “vague” cryptocurrency announcement. He suggested his followers sell the apex cryptocurrency on this upward move. What Happened: On Thursday, Schiff took to X to comment on the recent market trends. He noted a significant recovery in assets that suffered during Monday’s sell-offs, with Bitcoin making an even larger leap. Don't Miss: If you invested $100 in DOGE when Elon

(Bloomberg) -- Bitcoin continued to rally in tandem with a rebound in global equities on Friday after a bruising selloff. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsWhen Climate Funds Pay for Highway ExpansionThe original cryptocurrency rose as much as 5.3% to briefl