Poor Weekly Jobless Claims Hint at Another Bitcoin Price Plunge

Bitcoin rally came under the threat this Friday as the number of Americans filing for unemployment claims remains elevated. That, combined with a rising number of COVID cases amid reopening efforts, led the US stock market lower a day before. A positively correlated Bitcoin fell in tandem, signaling it may remain under the pressure of a corrective risk-on outlook. Bitcoin pulled back alongside a broader cryptocurrency index on Friday as traders continued to take cues […]

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