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The cryptocurrency market has not reacted to the information from the United States.
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The cryptocurrency market has not reacted to the information from the United States.

Feb 2, 2024

According to data on the evening of February 2, 2024, the cryptocurrency market remained unresponsive to the latest economic news from the United States. Earlier it was announced that the unemployment rate in January was 3.7%, which is lower than the expected level of 3.8%. In addition, the number of workers in the non-agricultural sector of the United States increased by 353 thousand in January, exceeding the expected 180 thousand and the previous value of 216 thousand.

Nevertheless, the quotes of the leading cryptocurrencies have hardly changed in response to these events. The global market capitalization remained at $1.65 trillion, and the price of bitcoin (BTC), as the main cryptocurrency, has risen by only 0.6% in the last 24 hours. Currently, the bitcoin exchange rate is again trying to reach the $43,000 mark.

The total number of coins in circulation on the market is $844.27 billion, and the daily trading volume of bitcoin is $20.2 billion. The share of bitcoin in the cryptocurrency market is 51.5%. The greed and fear index continues to hold at 63 out of 100, which indicates a positive attitude among traders and investors.

The unemployment rate and the number of people employed in the non-agricultural sector of the United States have a significant impact on the country's economy and the global economy as a whole. The first one directly affects the income level and purchasing power of the population.

A decrease in the number of employees can lead to lower tax revenues for the government, creating budgetary difficulties and requiring government spending cuts. It also has an impact on various sectors of the economy, including education, health and social services.

The unemployment rate and the number of people working in the non-agricultural sector of the United States are important for the global economy and the cryptocurrency market, since the bitcoin exchange rate usually reacts to changes in the positions of the US dollar, and vice versa.

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