TrendsAndNews
The just-released US employment data shows that the number of people applying for unemployment benefits is slightly higher than expected, reaching 219,000, while it was originally expected to be 218,000. This may sound like a bad thing, but in fact, it may be a good thing for cryptocurrencies such as Bitcoin. Because the rise in the number of unemployed people suggests that the US economy may be slowing down, making it more likely for the Federal Reserve to lower interest rates to stimulate the economy, and a low interest rate environment is particularly friendly to cryptocurrencies.
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