💯🤑You hold your breath waiting for 7:30 PM Vietnam time

🇺🇸 USA announces the initial unemployment claims rate.

-.-.-.-.-

📉 If the unemployment rate rises (bad for the economy):

➤ Impact on cryptocurrency:

Investors may fear an economic recession => Shifting to safe assets.

Cryptocurrency may decrease in short-term value, because:

Investors sell coins to hold cash.

Risk appetite decreases, and cash flows out of speculative assets.

✅ But there is also a case for price increases, if:

Investors expect the Federal Reserve (Fed) to cut interest rates to support the economy.

Lower interest rates => Weaker USD => Bitcoin and cryptocurrencies are supported to increase in value.

📈 If the unemployment rate decreases (good for the economy):

➤ Impact on cryptocurrency:

Strong economy => Fed may maintain or raise interest rates.

Higher interest rates => Stronger USD => Cryptocurrency may decrease in value (due to losing attractiveness compared to traditional assets like bonds).

However, if optimistic sentiment spreads, cryptocurrency may also increase in value due to cash inflows into the risk market.$BTC