Measured by Clometrix
Uniswap's volatility ratio was 1.81x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 3.77x, against a typical 1.51x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
How Uniswap moved
Uniswap was at $13.290 when the figure came out. Fifteen minutes later it was 0.15% lower, and an hour later unchanged. Its high-to-low range in the hour after was 1.35% of its price, against 1.81% in the hour before.
The release
Released by the Department of Labor on 8 January 2025 at 8:30 AM EST. Continued Jobless Claims fell to 1850K for the week ending 28th Dec, from 1871K in the week ending 21st Dec.
It arrived at the same moment as Initial Jobless Claims, so the reaction measured on this page belongs to all of them together.
What made it matter
Since 2021, Continued Claims releases in the two weeks before a Fed decision have moved Uniswap about as much as those at other times: a median volatility ratio of 1.46x across 92, against 1.33x across 204. This one was not within two weeks of a Fed decision. Its own ratio of 1.81x compares with 1.33x for those, so it moved the price more than its circumstances alone would suggest.
Its record
Across 296 Continued Claims releases since 2021, Uniswap's median volatility ratio is 1.35x.
How it compares
Across 296 Continued Claims releases since 2021, Uniswap's usual price swing is 1.35x. This one was 1.34 times the usual.
Thin line: Continued Claims's usual, 1.35x. Thick line: this release, 1.81x.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 13.30 | 13.28 | 13.28 | -0.08% | 0.15% | 0.30% | 7,617 UNI |
| 5 minutes | 13.30 | 13.21 | 13.22 | -0.53% | 0.68% | 0.75% | 32,900 UNI |
| 10 minutes | 13.30 | 13.19 | 13.22 | -0.53% | 0.83% | 0.75% | 78,570 UNI |
| 15 minutes | 13.37 | 13.19 | 13.27 | -0.15% | 1.35% | 0.75% | 121,179 UNI |
| 30 minutes | 13.37 | 13.19 | 13.26 | -0.23% | 1.35% | 1.49% | 136,783 UNI |
| 1 hour | 13.37 | 13.19 | 13.29 | 0.00% | 1.35% | 1.79% | 294,664 UNI |
| 2 hours | 13.44 | 13.19 | 13.25 | -0.30% | 1.86% | 1.79% | 569,347 UNI |
| 4 hours | 13.44 | 12.55 | 12.59 | -5.56% | 6.62% | 2.01% | 1.168M UNI |
| 6 hours | 13.44 | 12.49 | 13.05 | -1.84% | 7.07% | 2.30% | 1.622M UNI |
| 8 hours | 13.44 | 12.55 | 12.59 | -6.20% | 6.62% | 5.45% | 2.01M UNI |
| 12 hours | 13.44 | 12.49 | 13.33 | 0.30% | 7.07% | 5.45% | 2.259M UNI |
Every coin at this release
| Coin | Price swing | Usual for Continued Claims | Reaction |
|---|---|---|---|
| Bitcoin | 1.22x | 1.52x | Quiet |
| Ethereum | 0.68x | 1.47x | Quiet |
| XRP | 0.50x | 1.18x | Quiet |
| BNB | 1.23x | 1.42x | Quiet |
| Solana | 0.65x | 1.39x | Quiet |
| Dogecoin | 0.72x | 1.39x | Quiet |
| TRON | 0.88x | 1.33x | Quiet |
| Cardano | 1.63x | 1.35x | Ordinary |
| Chainlink | 0.87x | 1.43x | Quiet |
| Sui | 0.42x | 1.24x | Quiet |
| Bitcoin Cash | 0.91x | 1.34x | Quiet |
| Hedera | 0.87x | 1.32x | Quiet |
| Avalanche | 0.96x | 1.42x | Quiet |
| Litecoin | 0.91x | 1.38x | Quiet |
| Gram | 0.67x | 1.02x | Quiet |
| Shiba Inu | 0.78x | 1.34x | Quiet |
| Uniswap | 1.81x | 1.35x | Strong |
| Polkadot | 0.84x | 1.31x | Quiet |
| Aave | 2.62x | 1.38x | Strong |
| Bittensor | 1.04x | 1.41x | Quiet |
| NEAR Protocol | 0.50x | 1.24x | Quiet |
| Aptos | 0.87x | 1.41x | Quiet |
| Internet Computer | 0.78x | 1.46x | Quiet |
| POL (prev. MATIC) | 0.77x | 1.42x | Quiet |
| Filecoin | 0.98x | 1.27x | Quiet |
What is Continued Jobless Claims?
The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Continued claims, also referred to as insured unemployment, is the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment. Continued claims data are based on the week of unemployment, not the week when the initial claim was filed.Questions about this page
Is 1.81x a lot?
For a Continued Claims release it is strong: the usual is 1.35x. Each report has its own usual size, and its releases show it.
Will the next Continued Claims do the same?
Nobody can say. A forecast shows the range Uniswap moved in after past Continued Claims releases, so you can plan for the likely size of the move.
Do weekly jobless claims move crypto?
Weekly jobless claims have a median Bitcoin price swing of 1.52x since 2021, which places Initial Claims and Continued Claims in Tier 3. They are released at 8:30 a.m. ET. When a claims release falls on the same minute as a bigger report, such as CPI, the reaction belongs to both. Clometrix measures 296 claims releases in the record since 2021.
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The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.