Unemployment – DIGIT INFO

Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

Eyes are on $28,000 support to hold in the event of continued downside, but Binance order book data warns that even this may be “rugged.”

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Bitcoin holds $30K, but some pro traders are skeptical about BTC price continuation

BTC traders are cautiously optimistic due to Bitcoin traditional assets, but there are still some macro headwinds to be aware of.

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‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known […]

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Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease

While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past seven months, but Wilkerson insists […]

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$20K Bitcoin may return, says analyst as US unemployment hits 54-year low

Bitcoin buyers may get a chance to “load up” below $22,000 on the back of employment statistics.

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Elon Musk, Cathie Wood sound ‘deflation’ alarm — is Bitcoin at risk of falling below $14K?

Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate.

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Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

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Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs

A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector to Experience Biggest Headcount Reduction An analyst with Wells Fargo, Mike Mayo, has […]

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Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely

Several economists have predicted where the U.S. economy is heading. One said it would take a miracle to keep the recession from turning into another Great Depression. Some believe that a fast or V-shaped recovery is unlikely. Meanwhile, Apple CEO Tim Cook reportedly told President Trump the opposite, predicting that the U.S. economy will have […]

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$2,000 a Month: US Lawmakers Propose Basic Income for Americans to Cope With Covid-19 Economy

Democrats from the House of Representatives have introduced legislation that would pay eligible Americans $2,000 a month until U.S. unemployment numbers return to pre-covid-19 levels. Under the proposal, any American citizen 16-years or older making less than $130K per year would receive monthly funding from the federal government. Also read: Minting Basic Income – US […]

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