Initial jobless claims reached their highest levels since October 2021, ahead of next week’s rate decision. Initial jobless claims spike to highest level since 2021 Bitcoin and ether appear unfazed by SEC activity Location of activity is shifting however. The supply of bitcoin held and traded in the U.S. is declining. Asian markets are picking up the decreased activity While crypto investors continued to reel from the Securities Exchange Commission’s (SEC) recent lawsuits versus Binance and Coinbase, they also had some potentially positive jobs data to savor on Thursday. Initial jobless claims in the United States rose to 261,000 for the week ended June 3, versus expectations of 235K. The four-week moving average of 237,250 jobless claims was 7,000 higher than the prior week, whil
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