Shares of crypto-related firms CRCL and COIN moved lower on Thursday following the release of fresh US labor data. Jobless claim applications rose to 200,000, a figure that signaled a steady labor market but failed to boost investor confidence in risk assets.
The broader cryptocurrency market also felt the pressure, with total market capitalization dropping 1.34% to $2.66 trillion. Bitcoin gradually declined throughout the trading day, contributing to the cautious mood among traders. The data arrival did little to reverse the downward trend already underway in digital assets.