NY Empire State Manufacy Index: The effects of encrypted currency markets | Flash news details

On April 24, 2025, the New York Empire manufacturing index scored a significant decrease to -8.1 points, on the occasion of the third negative reading this year (Source: Kobeissi Message at X, April 24, 2025). This decrease was associated with a noticeable decrease in expectations for a period of six months of public working conditions to -7.4, the lowest level in 24 years (Source: Kobeissi Message in X, April 24, 2025). The six -month expectations of new orders have been successful, as they decreased to -10.2, which reflects a deepening concern between manufacturers about future economic conditions (Source: Kobeissi speech in X, April 24, 2025). This macroeconomic index contains a direct impact on financial markets, including the encoded currency sector, as it indicates possible economic contractions that can affect investor morale strategies and circulation.

The immediate impact of the decline in the New York State Manufacturing Index in the cryptocurrency market, especially in Bitcoin (BTC), ETHEREUM (ETH), and the symbols related to the prosecution. At 10:00 pm EST on April 24, 2025, Bitcoin witnessed a 3 % decrease, trading $ 64,000, while ETHEREUM witnessed a decrease of 2.5 % to $ 3,200 (Source: Coinmarkcap, April 24, 2025). Also, symbols of artificial intelligence such as Singularitynet (AGIX) and Fetch.ai (Fet) reflect these vibrant feelings, as AGIX decreased by 4 % to $ 0.80 and fet 3.5 % decreased to $ 0.65 (Source: Coingecko, April 24, 2025). BTC trading volume increased by 15 % to $ 25 billion, indicating an increase in market activity and potential panic (Source: CryptocCOSPARE, April 24, 2025). These price movements indicate that traders are closely monitoring the indicators of the macroeconomic and adjusting their positions accordingly, with a noticeable shift towards the aversion to the risks.

Technical analysis shows the main encrypted currencies after the issuance of the New York Empire manufacturing index increased volatility. The 24 -day Relative Power Index (RSI) for Bitcoin decreased from 60 to 45, indicating the transition to the excessive sale area and a potential purchase opportunity for contradictory investors (Source: TradingView, April 24, 2025). ETHEREMM’s MacD’s deviation of a declining intersection, with the MacD line crossing the signal line at 11:00 am EST, indicates more landmarks (Source: Tradingview, April 24, 2025). ETH trading volume increased by 10 % to $ 10 billion, reflecting the increase in market interest and the possibility of more price fluctuations (Source: CryptoCcompare, April 24, 2025). The scales on the series of artificial intelligence symbols such as AGIX showed a 20 % increase in the volume of transactions at 10:30 am EST, indicating active trading and restoration by investors in response to total economic news (Source: Glassnode, April 24, 2025).

The relationship between the developments of artificial intelligence and the cryptocurrency market remains important. The recent developments in artificial intelligence, such as the launch of the new AI models by major technology companies, were closely seen by encryption traders. On April 22, 2025, Google announced the release of the latest AI, which led to a 5 % increase in the trading volume of the symbols associated with the Acts such as the ocean protocol (ocean) and the graphic (GRT) over the past two days (Source: Coinmarketcap, April 24, 2025). This event sheds light on the possibility of leading artificial intelligence news to push the encryption market morale and trading sizes, providing traders with opportunities to benefit from these links. For example, the Ocean/USDT trading pair witnessed a 6 % increase in size, while the GRT/BTC witnessed a 4 % increase in trading activity (Source: Binance, April 24, 2025). With the continued development of artificial intelligence, its impact on the cryptocurrency market is likely to be more clear, providing merchants for new strategies and insight into the market dynamics.

Common questions:
What is the effect of the New York Empire’s manufacturing index on encrypted currency markets? The New York Empire’s manufacturing index works as an indicator of economic health, and its decline can increase the hatred of risk among investors, causing declines in prices in cryptocurrencies such as bitcoin and excitement. On April 24, 2025, this was proven by a 3 % decrease in bitcoin and a 2.5 % decrease in ETAREUM after the release of the index (Source: Coinmarkcap, April 24, 2025).
How do artificial intelligence developments affect the trading of encrypted currency? Artificial intelligence developments can significantly affect the trading of cryptocurrencies by paying market morale and trading sizes. For example, the advertisement of the new artificial intelligence model of Google on April 22, 2025 increased the trading volumes of AI’s symbols such as the ocean protocol and graphical drawing during the following days (Source: Coinmarketcap, April 24, 2025).
What are the technical indicators that merchants should see after the macroeconomic news? After total economy news, merchants should monitor indicators like RSI and MACD to obtain market direction marks. On April 24, 2025, the Bitcoin’s relativity index fell to the sales lands, while Macd indicated Ethereum to a declining intersection, indicating potential trading opportunities (Source: Tradingvief, April 24, 2025).