Major cryptocurrencies plunged on Thursday evening as investors eagerly awaited crucial jobs data, which could potentially influence the direction of interest rates.
Weekly initial jobless claims for the week ending September 30 stood at 207,000, reflecting a marginal increase of 2,000 compared to the previous week. This figure was also close to the forecasted 210,000 by economists, according to a Dow Jones consensus estimate. While this uptick in jobless claims was in line with market expectations, it left some investors disappointed who were hoping for clearer signs of a labor market breakdown, potentially bringing an end to the rates that are negatively impacting stocks.
