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Market Update

U.S. Jobless Claims Show Modest Drop, but Hiring Remains Tepid

Last week, initial applications for U.S. state unemployment benefits fell slightly, reflecting low layoffs, but hiring remains cautious amid slowing domestic demand. Key Data: Initial claims: 224,000 (down 3,000 from previous week) Forecast: 228,000 claims Continuing claims: 1.953 million (down 15,000), reflecting people remaining on benefits after their first week …

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Bitcoin Hits Record High Amid Rate Cut Bets and Corporate Buying; Ether Near 2021 High

Bitcoin surged to a record on Thursday, fueled by growing expectations of a September Federal Reserve interest rate cut and increased corporate buying. The world’s largest cryptocurrency briefly touched $124,436.8 before easing slightly to $123,164.1, up 3.2% by 00:47 ET (04:47 GMT). Corporate Interest and Rate Cut Optimism Drive BitcoinBitcoin’s …

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A New Chapter for Bitcoin: Institutional Investment Rises

The financial world is undergoing a seismic shift, with digital assets like Bitcoin and Ethereum evolving from niche technologies to integral components of institutional investment portfolios. This transformation is not a fleeting trend but a fundamental re-evaluation of value and risk, driven by a confluence of macroeconomic factors and market …

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