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Thursday, June 8, 2017

Bitcoin Price Resilient to Economic Uncertainty, Hits $2,600 as Markets Plunge

Bitcoin Price Resilient to Economic Uncertainty, Hits $2,600 as Markets Plunge

Bitcoin price demonstrated resilience to economic uncertainty over the past week, while markets in the US plunged and struggled to recover.

In May, various sources revealed that the US only added 138,000 jobs, dipping significantly lower than the expected number. On average, the unemployment rate fell to 4.3 percent, declining to a 16-year low.

Diane Swonk, a Chicago-based economist, said in an interview:

“The overall report still leaves the Fed on target for June, but it underscores their trepidation about moving in December. They’ve got good reason to be cautious.”

Full story at http://bit.ly/2sf2X69

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