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Former U.S. President Donald Trump shared unpublished U.S. non-farm payroll data prematurely on Truth Social, attracting significant public and market attention on Thursday evening.
The premature disclosure highlights concerns about market fairness and could undermine trust in official economic data, potentially impacting investor confidence and contributing to market volatility.
Trump Releases Non-Farm Payroll Data Ahead of Schedule
The chart, shared nearly a day earlier than its official release, showed 654,000 jobs added in the private sector and a reduction of 181,000 government positions. Trump denied responsibility for the early release, stating, “Let them [have] the opportunity to release it.” The White House labeled the disclosure as an “inadvertent action,” claiming the data partly came from a legal advance briefing to the president.
Such leaks potentially undermine trust in the neutrality and credibility of U.S. official economic data, according to market experts. The premature disclosure led to limited fluctuations in U.S. stock index futures during low-volume trading.
Crypto Market Implications of Unauthorized Data Release
Did you know? In 2018, Trump hinted at strong jobs numbers before their official release, similar to this recent incident, raising long-standing concerns over data confidentiality and market fairness among economic experts.
According to CoinMarketCap, Bitcoin is valued at $90,633.55 with a market cap of $1.81 trillion, dominating 58.50% of the market. BTC exhibited a minor 0.20% 24-hour price increase but has seen a -19.04% decrease over 90 days.
The Coincu research team suggests that premature economic data disclosures could have indirect effects on crypto markets. Key variables like interest rates and risk sentiment, influenced by such leaks, might impact the valuation of cryptocurrencies such as Bitcoin and Ethereum. This reinforces the need for rigorous data handling to prevent market disturbances. As the market remains sensitive, analysts are cautious about further economic data releases, with potential impacts on the dynamic valuation landscape of cryptocurrencies.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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