Initial jobless claims in the States just hit their lowest mark in three years. That's a pretty solid signal for the labor market right now. Stronger employment data typically means the Fed might hold rates steady longer, which could keep pressure on risk assets. Worth watching how this plays into broader market sentiment—especially with crypto still dancing to macro's tune.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
6
Repost
Share
Comment
0/400
AlgoAlchemist
· 12-05 06:59
NGL, the employment data does look good, but if the Fed really holds steady... the crypto market will have to rely on macro factors this time.
View OriginalReply0
RugDocScientist
· 12-04 14:31
Unemployment rate hits a three-year low, the Fed still has to hold... Hmm, isn’t this the signal for the crypto market to drop?
View OriginalReply0
VCsSuckMyLiquidity
· 12-04 14:30
Unemployment rate hits a three-year low? Sounds like the Fed is going to play dead again... Now the crypto market will probably have to follow the lead of the macroeconomy once more. This is just ridiculous.
View OriginalReply0
ForkTrooper
· 12-04 14:24
US employment data is so strong that the Fed will definitely have to stay hawkish. The crypto market will have to keep dancing to the macro tune—so frustrating.
View OriginalReply0
MevTears
· 12-04 14:10
Unemployment data looks good, but not necessarily; interest rate policy can really drag crypto prices down... Feels like this cycle still depends on what the Fed is thinking.
View OriginalReply0
ApeWithAPlan
· 12-04 14:03
ngl the unemployment data looks so good, the probability of the Fed maintaining a dovish stance is indeed rising. For us in the crypto space, it's definitely a suspenseful storyline... If interest rates stay put, there will indeed be pressure on BTC.
Initial jobless claims in the States just hit their lowest mark in three years. That's a pretty solid signal for the labor market right now. Stronger employment data typically means the Fed might hold rates steady longer, which could keep pressure on risk assets. Worth watching how this plays into broader market sentiment—especially with crypto still dancing to macro's tune.