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03 June 2020

Recent Unemployment Numbers Might Not Mean Anything for Bitcoin

Recent Unemployment Numbers Might Not Mean Anything for Bitcoin


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More than two million Americans requested unemployment compensation for the first time last week, which may or may not affect Bitcoin. .

"We have to get the economy open and put people back to work safely," Pompliano said in May 21 Tweet citing recent unemployment numbers.

Additionally, crypto exchanges have also seen increased activity at time in recent months, although, with arguments for both sides — Bitcoin buying or cash holding — only the coming days will tell where people will turn. 

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