The U.S. March employment report was just released and exceeded expectations – 178,000 new jobs created. When economic data comes in positively, the market usually moves, and when I heard this news, I immediately looked at the charts.



Here's the interesting part: when such positive macro data is released, risk appetite increases and investors make more aggressive moves. I look at the coins that are gaining the most in the portfolio; on days like this, small caps and high-volatility projects usually stand out. When the market energy is high, everyone follows the coins that are gaining the most.

These types of employment data are positive signs for the economy in the long term, but in the short term, they increase volatility in the crypto market. If you're following this movement, paying attention to the coins that are gaining the most might be worthwhile. The market is currently sensitive.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin