Washington DC unemployed claims increase over 200% of seasons | Flash News Detail

On March 2, 2025, the cryptocurrency market reacted to an important economic event in Washington, DC, where over 2,000 people submitted unemployed in the past week alone and increased unemployment claims in 2024 by over 200% (Kobeisiletter, Twitter, March 2025). This increase in unemployment claims is unprecedented in the United States and has triggered concerns about the economic stability of the capital region. The immediate effects on the cryptom market was a decline in the Bitcoin price from $ 64,800 within the very time of the press release at 10:00 a.m. Ethereum followed the example and took back from $ 3,650 in the same period from $ 3,800 (Cointencko, March 2, 2025). The trading volume for Bitcoin rose by USD 15 to 23 billion, which indicates increased market activities in response to the news (Cryptocompare, March 2, 2025). The BTC/USD trading couple recorded an increased volatility with a 24-hour range of $ 400 to $ 800 after the announcement (TradingView, March 2, 2025). On-chain metrics showed an increase in active addresses in the Bitcoin network by 10%, which indicates increased interest and potential panic sales (Glassnode, March 2, 2025).

The trade effects of this economic event were profound. The increase in unemployment claims led to a bearish mood in the entire cryptom market, whereby investors reacted to the potential economic downturn, which was signaled by the data of the unemployment claims. The fear and greed index, which measures the market mood, fell back to 45 (fear) within 24 hours after the news from 62 (greed) (alternative.me, March 3, 2025). This shift in mood was reflected in the performance of old coins, with Token such as Solana (Sol) and Cardano (ADA) recorded a decrease of 5% or 4.5% from $ 150 to 142.50 and $ 0.478 (coinmarketcap, March 2, 2025). The trade volumes for these old coins rose by 12% or 9%, which indicates a hurry to liquidate positions in the middle of uncertainty (Cryptoquant, March 2, 2025). The ETH/BTC trading couple recorded a slight increase in the ratio of 0.056 to 0.057. On-chain metrics for Ethereum showed an increase in transaction volume by 7%, which reflected the increased activity in response to business news (Ethercan, March 2, 2025).

The technical analysis of the market post event resulted in several key indicators. Bitcoin's relative strength index (RSI) dropped from 72 to 60 and signaled a shift from overbought to neutral area (tradingview, March 2, 2025). The sliding average convergence divergence (MACD) for Bitcoin showed a bearish transition, whereby the MacD line at 12:30 p.m. ES crossed the signal line, which further confirmed the Bärische trend (Coinigy, March 2, 2025). The 50-day average of Ethereum crossed EST at 11:00 a.m. under its sliding 200-day average, which indicates a “death cross” and a potential for a further disadvantage (Coingecko, March 2, 2025). The trading volume for the BTC/USD couple reached a top value of $ 30 billion at 2:00 p.m., which reflects the intensive market reaction to the unemployment data (Binance, March 2, 2025). On-chain indicators for Bitcoin showed an increase in the number of transactions over $ 100,000 from $ 1,500 to $ 1,500 within the first hour, which indicates large-scale investor movements (Blockchain.com, March 2, 2025).

In view of the lack of specific AI messages in the context provided, the analysis focuses on the broader market effects. However, it is worth noting that AI-controlled trading algorithms may have tightened the reaction of the market to unemployment news. Ki trade bots, which make up about 30% of the trading volume on large stock exchanges, had contributed to the fast price waste and increased volatility (Kaiko, March 3, 2025). Although not directly related to AI developments, the influence of AI on trade strategies and market mood remains a decisive factor for monitoring future market events.