This year, only 2 of the 10 unemployment reports have been favorable, which has generated downward pressure on Bitcoin 📉.

What is more worrying is that Bitcoin has completely negated the increases driven by the few positive data.

Recently, its price rose by just 4.5%, showing a moderate reaction to the favorable labor news.

In 2007, unemployment benefit applications showed a similar behavior to the current one, resulting in a sharp drop in stock indices 📊.

If history repeats itself, risk assets, such as Bitcoin, could suffer a similar correction

$BTC