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Bitcoin climbed above $97,000 as investors weighed a strong U.S. jobs report against signs of economic slowdown. Meanwhile, Wall Street recovered from recent volatility, but concerns over stagflation and recession persist.
- Bitcoin rose to $97,000, with traders viewing it as a hedge against stagflation and recession risks.
- The U.S. jobs report showed 177,000 new jobs in April, reducing expectations of Fed rate cuts.
- The U.S. dollar weakened 3.7% over the past month, while gold prices surged 3%.
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