Bitcoin News: $120K Path Hits Wage Growth Speed Bump as U.S. Miss Payrolls

Bitcoin is trading below $80,000 as Friday’s U.S. nonfarm payrolls news lands with a sharp miss. April job growth clocked just 62,000 against March’s 172,000. It’s a deteriorating labor market that has previously turbocharged Fed pivot expectations and sent risk assets higher. Something is off in the labor market:In February, US employers cut -448,000 jobs, the largest monthly decline since July 202…