The ups and downs of the crypto market are like the weather, and US data is the weather forecast!
Friends, two data points will be released tonight that will directly impact your crypto wallets!
1. Unemployment Claims: If the expected number is 225,000 and the actual is 224,000, it means fewer people are unemployed, indicating a stable economy!
2. Manufacturing Index: If the expected increase is 7 points and the result skyrockets to 15.9! Factories are producing vigorously, and the economy is stronger than expected!
Why does this matter to you?
Last time the US data was good, large funds immediately rushed from Bitcoin to buy stocks, causing a sudden plunge in the crypto market!