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Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bad U.S. jobless data pulled markets lower Thursday, affecting even bitcoin. But there may be a silver lining for the cryptocurrency. At press time, the world’s largest cryptocurrency was up just 1% over 24 hours at $8,864, with 10-day and 50-day technical indicator moving averages converging, thus signaling sideways sentiment.








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