The price of (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the United States stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600.
The release of new job data caused the U.S. stock market to slump in mid-day. Non-farm payrolls rose by 1.763 million in July, surpassing Wall Street expectations by 10.6%.
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