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The volatility of the encryption currency market has always been a focal point for investors, and the release of U.S. economic data often becomes a key factor influencing market trends. Tonight, two important economic indicators are about to be announced, which may have a significant impact on the asset allocation of digital asset investors.
First, there are the unemployment benefit applicants. The market expects the number of applicants for unemployment benefits to be around 225,000. If the actual figure is lower than expected, say 224,000, it would indicate that the job market is stronger than anticipated and that the economic fundamentals are relatively robust.
The second is the manufacturing index. Assuming the market expectation is a growth of 7 points, but if the actual data significantly exceeds expectations, reaching 15.9 points, this would indicate a substantial increase in manufacturing activity and a strong momentum for economic growth.
Why are these data so important to cryptocurrency investors? Past experience shows that when U.S. economic data performs well, institutional investors tend to shift funds from cryptocurrency assets like Bitcoin to the traditional stock market, leading to a correction in cryptocurrency prices.
Therefore, investors need to closely monitor the release of these economic indicators and adjust their investment strategies accordingly. Good economic data may put short-term pressure on the encryption market, but in the long run, strong economic fundamentals may also create a favorable environment for the development of digital assets.
In any case, it is essential to stay alert, obtain information in a timely manner, and make rational decisions in this rapidly changing market.