unemployment

2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

Source Node: https://cointelegraph.com/news/2-reasons-a-deeper-correction-in-stocks-may-end-bitcoins-rally-to-8k
Time Stamp: April 3, 2020 4:47 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term.Dan Niles, the founding partner of Alpha One Capital Partners, said in a note to clients that the dire economic consequence of the coronavirus pandemic could lead to a steeper correction in the U.S. stock market.With Q2 earnings set to

Price Analysis April 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Source Node: https://cointelegraph.com/news/price-analysis-april-3-btc-eth-xrp-bch-bsv-ltc-eos-bnb-xtz-leo
Time Stamp: April 3, 2020 2:19 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

On April 2 the U.S. Labor Department reported that the U.S. weekly jobless claims skyrocketed to 6.6 million. In the previous week, the claims stood at 3.3 million, meaning over the past two weeks the number of laid off American workers seeking unemployment benefits has reached 10 million. If the numbers continue to grow, the government and Federal Reserve is likely to announce another round of stimulus measures.All the money printing is likely to erode the value of the US dollar. In such a case, the investors will search for