Bitcoin gains as economic growth slowed. Data released by the U.S. Labor Department on Friday shows the unemployment rate rose to 3.7% from 3.5%, indicating that large-scale layoffs by big companies are starting to weigh on workers. Bitcoin gained 0.8% in the minutes after the report was released. We explain how this is relieving downward pressure on risky assets from stocks to cryptocurrencies at the link in bio #finance #employment #economy #btc #inflation