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Bitcoin caps a dismal week as price wallows 50% below its all-time high
Bitcoin ’s dire start to June worsened early on Friday, with the cryptocurrency on course to trade more than 15% lower for the week. Prices had fallen to their lowest levels since early April on Tuesday after crypto treasury company Strategy sold a small amount of its bitcoin holding, weighing on sentiment. Meanwhile, tech stocks have been under pressure, bringing an end to an extended rally, after Broadcom’s revenue miss on Wednesday sent semiconductor stocks lower. A bitcoin rebound, or characteristic dip-buying by investors, is yet to take place. It was last seen trading at $62,500, meaning it is down by about ... (full story)
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From bls.gov|5 hr ago|86 commentsTotal nonfarm payroll employment increased by 172,000 in May, and the unemployment rate was unchanged at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Job gains ...
From statcan.gc.ca|5 hr ago|4 commentsEmployment increased by 88,000 (+0.4%) in May and the employment rate rose 0.2 percentage points to 60.7%. The unemployment rate fell 0.3 percentage points to 6.6%. Employment ...
From thedailyupside.com|5 hr agoBitcoin may be having a worse week than Euphoria fans who wanted a Season 4 with more glitter makeup. The cryptocurrency plunged to its lowest level since February, briefly ...
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From @financialjuice|4 hr ago|10 commentsWH Sr. Adviser Hassett: The Fed shouldn't hike, and will have room to cut. HASSETT SAYS THE FED CAN MONITOR INFLATION AND DELAY ACTION. HASSETT: FED HAS BEEN BEHIND THE CURVE, PLENTY OF ROOM FOR CUT
From @financialjuice|4 hr ago|7 commentsUS CENTCOM: Iran's claim that it fired warning shots at US warships is false. CLAIM: Iran claims it fired warning shots at U.S. warships in the Gulf of Oman, forcing American vessels to “retreat” toward the Indian Ocean. FALSE. TRUTH: Iranian forces did NOT attack or fire at U.S. Navy warships. Doing so would be a gross violation of the ceasefire.… pic.twitter.com/PdfC1EMZTP
From theguardian.com|4 hr ago|1 commentUS employers added 172,000 jobs in May while the country’s unemployment rate held steady at 4.3%, a sign of a resilient labor market despite rising inflation and economic ...
