The release
Released by the Department of Labor on 1 April 2021 at 8:30 AM EDT. Initial Jobless Claims rose to 658K for the week ending 27th Mar, from 627K in the week ending 20th Mar.
It arrived at the same moment as Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How Cardano moved
Cardano was at $1.1900 when the figure came out. Fifteen minutes later it was unchanged, and an hour later unchanged. Its high-to-low range in the hour after was 0% of its price, against 0.84% in the hour before.
Measured by Clometrix
Cardano's volume ratio was 1.14x, against a typical 1.63x. Its volatility ratio could not be measured: the price barely moved through the rest of the day, so there is no ordinary quarter hour to compare against. The ratio compares the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change.
What made it matter
Since 2021, Initial Claims releases in the two weeks before a Fed decision have moved Cardano about as much as those at other times: a median volatility ratio of 1.30x across 94, against 1.35x across 207. This one was not within two weeks of a Fed decision.
Its record
Across 301 Initial Claims releases since 2021, Cardano's median volatility ratio is 1.35x.
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 | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.00% | 95,482 ADA |
| 5 minutes | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.00% | 632,643 ADA |
| 10 minutes | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.00% | 1.352M ADA |
| 15 minutes | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.00% | 2.185M ADA |
| 30 minutes | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.00% | 3.923M ADA |
| 1 hour | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.84% | 7.684M ADA |
| 2 hours | 1.19 | 1.19 | 1.19 | 0.00% | 0.00% | 0.84% | 15.385M ADA |
| 4 hours | 1.20 | 1.18 | 1.19 | 0.00% | 1.67% | 2.48% | 40.517M ADA |
| 6 hours | 1.20 | 1.17 | 1.19 | 0.00% | 2.50% | 2.48% | 63.473M ADA |
| 8 hours | 1.21 | 1.18 | 1.19 | -0.84% | 2.48% | 1.67% | 85.629M ADA |
| 12 hours | 1.20 | 1.17 | 1.18 | -0.85% | 2.50% | 2.48% | 103.872M ADA |
Every coin at this release
| Coin | Price swing | Usual for Initial Claims | Reaction |
|---|---|---|---|
| Bitcoin | 1.06x | 1.50x | Quiet |
| Ethereum | 0.89x | 1.46x | Quiet |
| XRP | 0.58x | 1.18x | Quiet |
| BNB | 0.79x | 1.42x | Quiet |
| Solana | 1.04x | 1.38x | Quiet |
| Dogecoin | 3.53x | 1.38x | Exceptional |
| TRON | 1.18x | 1.33x | Quiet |
| Cardano | Not measured | 1.35x | - |
| Chainlink | 0.82x | 1.43x | Quiet |
| Bitcoin Cash | 1.07x | 1.34x | Quiet |
| Hedera | 0.71x | 1.32x | Quiet |
| Avalanche | 0.91x | 1.42x | Quiet |
| Litecoin | 0.88x | 1.39x | Quiet |
| Uniswap | 0.75x | 1.34x | Quiet |
| Polkadot | 1.46x | 1.32x | Quiet |
| Aave | 0.57x | 1.38x | Quiet |
| NEAR Protocol | 0.60x | 1.24x | Quiet |
| POL (prev. MATIC) | 0.55x | 1.40x | Quiet |
| Filecoin | 1.31x | 1.27x | Quiet |
What is Initial Jobless Claims?
The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Initial claims are new jobless claims filed by U.S. workers seeking unemployment compensation, included in the unemployment insurance weekly claims report. The report, published since 1967, includes a separate count of workers receiving unemployment insurance benefits, known as continuing claims.Disclaimer
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.