U.S. initial jobless claims for the week ending November 7 came in at 200,000, above expectations
When macro news affects the crypto market, I usually break it down into two steps:
First: If the news has no clear directional impact, investors will probably remain on the sidelines.
Then: Check whether U.S. stocks and $BTC are moving in sync. A synchronized reaction means the market is pricing in macro factors; no reaction means crypto-specific factors are more dominant.
$BTC is currently at 72,661.84, down 1.59% over 24 hours.
When macro news affects the crypto market, I usually break it down into two steps:
First: If the news has no clear directional impact, investors will probably remain on the sidelines.
Then: Check whether U.S. stocks and $BTC are moving in sync. A synchronized reaction means the market is pricing in macro factors; no reaction means crypto-specific factors are more dominant.
$BTC is currently at 72,661.84, down 1.59% over 24 hours.