U.S. economic data impacts the cryptocurrency market
Information on the number of initial unemployment claims in the United States
According to the latest report from an official source, the number of initial unemployment claims in the United States for the week ending June 14 reached 245,000. This figure is in line with analysts' expectations, indicating stability in the labor market. Previously, this figure had been revised up from 248,000 to 250,000. This data could significantly impact the value of major cryptocurrencies such as Bitcoin and Ethereum, as defensive or expansionary trends are clearly evident in the macro-financial market.
Impact on the cryptocurrency market
Unemployment data reflects the health of the economy and has the potential to influence the sentiment of cryptocurrency investors. In a context of stable data, the cryptocurrency market often tends to maintain an upward or stable trend. Conversely, if the data unexpectedly differs from predictions, investors may act emotionally or based on technical analysis of volatility. Standard economic indicators like this help determine the likelihood of large capital flows into new blockchain projects or adjustments to established Tokens.
Source: https://tintucbitcoin.com/don-that-nghiep-my-giam-thi-truong-tien-on-dinh/
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