The initial number of unemployment benefit applications in the United States fell amid the government shutdown.

ChainCatcher's analysis based on data during the time the government of America was temporarily shut down shows that the number of initial unemployment claims fell to 215,000 in the week ending October 11. Despite the lack of official information, this decline reflects the short term strength of the labor market.

Economic indicators such as unemployment benefit claims often affect investor sentiment and the dynamics of the financial markets, thereby indirectly impacting the cryptocurrency market. Although there are no direct comments from Arthur Hayes or CZ, experts believe that economic instability often increases demand for cryptocurrencies as a risk-hedging channel. History shows that government shutdowns tend to cause short term market volatility and trigger investment speculation.