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US weekly jobless claims increase more than expected
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$BTC Reason 1. This is one of the top reasons why the markets crashed today U.S. Economic Concerns The recent weak U.S. jobs report has sent shockwaves through global markets, including the cryptocurrency sector. The report showed a significant jump in the unemployment rate, with nonfarm jobs falling well short of expectations. This data has sparked fears that the U.S. economy might be heading towards a recession, a prospect that has spooked investors across various asset classes.For the crypto market, which often thrives on optimism and growth prospects, this negative economic outlook has prompted many investors to reduce their exposure to high-risk assets like Bitcoin and other cryptocurrencies.
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