US Jobless Claims Delay Disrupting Crypto and Financial Markets

The US Initial Jobless Claims report release, expected October 23, faces delay due to government shutdown, disrupting data flow critical for economic analysis.

Market uncertainty rises, affecting traders and crypto sentiment as alternative data sources become relied upon for economic insights during the data blackout.

Crypto Volatility Rises Amid Economic Data Drought

According to CoinMarketCap, Bitcoin currently trades at $110,595.82 with a market cap of $2.21 trillion. Despite short-term fluctuations, it remains a dominant force, holding 59.28% market dominance. In the last 24 hours, its trading volume reached $60.90 billion, although this marks a 30.69% decline. The circulating supply stands at 19,938,781, nearing its maximum of 21 million.

Coincu researchers suggest increased market opacity may lead to volatility as traders adjust positions without clear macroeconomic data. Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets.

Market Overview

Did you know? Historical trends show that data uncertainties can drive flight to safety behaviors, affecting both traditional and digital asset markets.

Bitcoin remains a dominant force in the market, holding 59.28% market dominance.

Analysts warn that the ongoing uncertainty could lead to increased volatility in both traditional and cryptocurrency markets.