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XRP Pops, Bitcoin Pauses: What Crypto Traders Are Watching Before Jobless Claims
Bitcoin held ground on Thursday morning ahead of the U.S. jobless claims data and was on track for a third consecutive weekly gain. Most altcoins among the top 10 cryptocurrencies by market capitalization outperformed Bitcoin. XRP led gains after Ripple announced a new partnership with Kyoto Life Insurance in South Korea to support its tokenization push. Ripple’s XRP (XRP) led gains among crypto majors, while Bitcoin (BTC) edged higher on Thursday morning ahead of the initial jobless claims report later in the day. Consensus estimates expect jobless claims to be around 215,000. Last week’s reading came in at ... (full story)
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In the week ending April 11, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 11,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 219,000 to 218,000. The 4-week moving average was 209,750, an increase of 500 from the previous week's revised average. The previous week's ...
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