But assets of all stripes seemed largely unmoved by Thursday’s jobs data, which showed 229,000 Americans filing unemployment benefits last week, well below the anticipated 245,000, and the U.S. economy expanding 1.3%, the third consecutive quarter of growth. Earlier this year and throughout 2022, such news might have sent digital assets cascading, but CoinDesk analyst on Thursday highlighted a shift in the good-economic-news-leads-to-lower-crypto- prices narrative.

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Author: James Rubin

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