Crypto Markets Analysis: Last week's jobless claims, which beat expectations, were revised significantly higher. Crypto investors largely ignored the change. GWilliamsJr_CMT reports
Crypto markets traded quietly ahead of the U.S. Easter holiday and following Thursday’s initial jobless claims data release. A change in the prior week’s figures implies that crypto traders have either been acting on incomplete information, or don’t see the information as particularly significant.
The U.S. Department of Labor attributed the revision to changes in the methodology for seasonality adjustment. As a result, current jobless claims declined by 18,000, in comparison to the revised figure. Bitcoin’s price on the day of the prior release shows a relatively mild decline of 0.93%. Ether's movement was even less significant, falling just 0.04%.
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