Cryptocurrencies start October with generalized profits, while investors await key data from the labor and inflation market amid the closure of the US government.
The cryptocurrencies They maintain their positive tone at the start of October. Bitcoin (BTC) 2% progress and quote around US $ 119,000level that exceeded comfortably in the last 24 hours. Meanwhile, Ethereum (eth) records a similar rise and is located near the U $ 4,400.
The bullish trend extends to the vast majority of Altcoins. The 6% jump of the Dogecoin (Doge) and the advance of more than 4% of Hyperliquid (Hype). For its part, Solana (Sol), XRP, Cardano (ADA) and Chainlink (Link) They earn between 2% and 3%. In the opposite direction, Avalanche (Avax) yield half a percentage point.
The advances occur in a context of uncertainty by The closure of the government in the United Statesproduct of failure in the Negotiations between Democrats and Republicans to guarantee the short -term financing of the national administration.
How do you affect the crypto market?
The main restlessness of the market goes through The eventual delay in the publication of official employment dataplanned for Friday, and inflation, whose dissemination was scheduled for Wednesday, October 15.
This delay generates concern because The Federal Reserve (Fed) would be without two of its most relevant indicators to calibrate its monetary policyat a time where the agency showed concern for inflationary persistence and deterioration of the labor market.
It is worth remembering that the president of the FED, Jerome Powell, and other officials of the North American Central Bank did not ensure the continuity of the rate cuts.
In this framework, The ADP consultancy surveywhich usually anticipates the official report, showed a loss of 32,000 jobs in the last month.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
