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One of the most significant factors affecting the cryptocurrency markets is undoubtedly the macroeconomic data released in the United States. The data on US job opportunities and staff turnover rate (JOLTS) was just announced. The previous JOLTS data was 8,756M, the expectation was 8,680M, and the announced data is 8,488M.
US JOLTS Data Released
Reviewing the announced data, this figure has increased compared to the previous month, indicating that the macroeconomic process in the US could gain good momentum. This development could increase the value of risky assets in the short term.
Following the announced data, looking at the cryptocurrency market led by Bitcoin, we see that the decline of the last 24 hours continues. Although the data points to an optimistic process, it has not yet positively reflected on the cryptocurrency market. At the time of writing, Bitcoin‘s price was trading at $57,935, down 4.51% daily.
In the cryptocurrency market, altcoin favorites such as Ethereum were trading at $2,909, down 3.45% daily, while Solana was trading at $123.80, down 2.30% daily at the time of writing.
