The case when good US labor market data is now a plus for the crypto market. We were warned in the morning that we should expect increased volatility in US macro data.
The weekly Number of initial applications for unemployment benefits was released - 233 thousand with a forecast of 241 thousand and a previous figure of 250 thousand.
There are fewer applications than expected and this was perceived by both the stock and crypto markets - positively. After all, this reduces the risk of recession, at least locally - a positive signal. S&P 500 and the BTC rate are growing. The#BTCrate has grown by almost 2.5%, breaking through the level of $ 58,000. As expected in today's review - the volume level of $ 57,709 was broken.
The US dollar index DXY is also growing. Also due to reduced recession risks.
At the same time, prices for savings, gold and silver, for example, went down. $BTC