Trading in US stocks is light, and BTC fails to challenge $100,000, and the upward momentum is stagnant

The number of people applying for unemployment benefits in the United States has risen to the highest level in over three years. The U.S. stock market fluctuated around flat after Christmas opening, with ups and downs in light trading. Bitcoin failed to challenge $100,000, and cryptocurrencies in general fell. Over $280 million was liquidated across the entire network in 24 hours.

The number of continued jobless claims in the United States has risen to the highest level in over three years

The U.S. Department of Labor reported on Thursday that the total number of initial claims for unemployment benefits for the week ending December 21 was 219,000, which is 1,000 fewer than the previous week and lower than the expected 225,000. However, the number of continued claims for unemployment benefits rose to 1.91 million, an increase of 46,000, the highest level since November 13, 2021, indicating that unemployed workers are finding it increasingly difficult to find new jobs.

The stock market fluctuated in calm trading after the holiday as the mixed unemployment claims data had little impact on the Fed's outlook.

Apple's stock price continues to rise, with a market value of 3.92 trillion US dollars, approaching the 4 trillion mark. On the other hand, Nvidia's recent stock performance has been relatively weak, with a current market value of 3.43 trillion US dollars, making it the second largest market value company in the world.

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BTC failed to challenge $100,000, and encryption currencies are all falling

BTC attempted to challenge the $100,000 level early yesterday, reaching a high of $99,963 before falling all the way down and hovering around $95K at the time of submission.

The top ten encryption currencies by market value are also showing a downward trend, with over 280 million US dollars Get Liquidated across the network in the past 24 hours. Before the New Year's Day, many Europeans and Americans are enjoying the annual year-end holiday. The market trading is light, so investors must pay attention to their own positions and manage risks well.

This article, US stocks traded lightly, BTC failed to challenge $100,000, and the upward trend has stalled. Originally appeared in Chain News ABMedia.