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Bitcoin

BTC price of 112 thousand dollars as risk assets “ignore bad news” on unemployment

Main points:

  • Mixed results for us unemployed claims fail to enthusiasm the assets of risk.

  • Despite concerns about the bond market, Bitcoin and shares have stability at the beginning of the Wall Street trading session.

  • BTC price expectations remain noble amid low fluctuations and curiosity in achieving profits.

Bitcoin (BTC) focused on $ 111,000 across Wall Street open on May 22, as it achieved record levels in mixed American unemployment data.

BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView

Bitcoin, shares brush from uncertainty in jobs

Data from Cointelegraph Markets Pro and Tradingvief BTC showed price fluctuations, cooling with stocks.

The latest macroeconomic data in the United States painted a conflicting picture of the flexibility of the labor market for inflation.

Initial unemployment demands came in expectations less than 227,000, while continuous claims exceeded 13,000.

However, the origins of the risk that maintains previous levels, which led to a cautious reaction, which led to the analysis to the upscale conclusions on market morale.

“The unemployed demands came cooler than expected. The continuous claims to increase the temperature expected,” Blackox, the authors indicators in commercial resource materials, came. It was a reaction On x.

“BTC discovered prices, and the market wants to celebrate good news and ignore bad news.”

Fellow of the co -founder Keith Alan Described Unemployment numbers as “more fuel for BTC momentum”.

“Continue to watch Bitcoin and gold,” Kobeissi message trading continued.

Kubisi added that he expects a form of government intervention in the bond market after the stocks moved the day before.

Bitcoin due to a “larger step” amid low profits

Compared to its latest highest levels in previous sessions, participants in the Bitcoin market revealed a sudden behavior.

Related to: Bitcoin ‘looks stressful’ because the next bear market gives the goal of $ 69,000

They pointed out that the fluctuations and collective profit were clearly lacked at 111,000 dollars.

“I can’t remember time in history where $ BTC has been traded only in a 1 % range at all times,” Trader Daan Crypto Traces, the famous Daan Crypto He said X followers.

“The greatest follow -up is simply broken by this local small range. Many situations that accumulate on both sides.”

BTC/USDT 15 minutes graph. Source: Daan Crypto Trades/X

Request for a book liquidity from a supplier monitoring Coinglass The thickness of the bidding is asked about the immediate price.

BTC Filtering Map. Source: Coinglass

Elsewhere, Glassnode platform the Onchain Analytics platform has informed the resolve between the lunar tools despite the 100 % profitability of the width.

“When the BTC temperature increased at all, the total profit achievement volume reached about 1.00 billion dollars-less than half of the amount that was achieved when Bitcoin for the first time crossed $ 100,000 last December, which amounted to $ 2.10 billion,” male On a day.

“Despite the high price, the profit was more complete.”

Bitcoin spent the size by the still currency. Source: Glassnode

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.