According to the latest report, the U.S. added 272,000 jobs in May, exceeding expectations and showing a strong pace of hiring. This unexpected growth in employment signals a positive outlook for the economy and demonstrates a rebound in the labor market. The increase in jobs is a promising sign for both workers and businesses as the country continues to recover from the impact of the pandemic.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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