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Topic: Price of Bitcoin, gold and the unemployment rates in the USA. - page 2. (Read 399 times)

legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
What do you think of these charts?
  • How about the impacts of unemployment rates on price of Bitcoin and gold?
  • How about the impacts of pandemic on unemployment rates (in USA)?
Please make your own data interpretation with your trust on validity of those secondary data (data collection methodology, data cleaning and data analysing, etc.)

There are delayed (lag) effects on the pandemic and the unemployment rates. When the unemployment rates skyrocketted, bitcoin already rallied in V-shape. The announcement of the pandemic was made by WHO on 12 March 2020.


  • BTC: daily close price
  • Gold: daily close price
  • USA. Unemployment rates: monthly data



Sources
https://coinmarketcap.com/currencies/bitcoin/
https://www.gold.org/goldhub
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm#
https://www.euro.who.int/en/health-topics/health-emergencies/coronavirus-covid-19/news/news/2020/3/who-announces-covid-19-outbreak-a-pandemic
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