Bitcoin Reverses Post-US Jobs Data Upside as SEC Chair Gensler Lambasts Crypto Indsutry – Where Next for BTC Price?
Bitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800. Claims jumped to 261,000 last week, up from 233,000 a week earlier, mar...
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Claims jumped to 261,000 last week, up from 233,000 a week earlier, marking the second-highest reading of the year.
While 261,000 initial claims in one week isn’t a disastrous number, it is another sign that momentum in the US labor market, which has been strong up until this point, is starting to wane....
Read More: Bitcoin Reverses Post-US Jobs Data Upside as SEC Chair Gensler Lambasts Crypto Indsutry – Where Next for BTC Price?
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