US initial jobless claims just came in lower than expectations. The latest reading hit 214K compared to forecasts of 224K and the previous week's 224K. This better-than-expected labor market data could signal underlying economic resilience. Weaker jobless claims often correlate with stronger consumer spending power, which typically impacts asset markets and investor sentiment across crypto markets.

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ImpermanentSagevip
· 3h ago
Wait, the unemployment rate data is good, and now the crypto market is about to plunge? What's the logic behind this...
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ColdWalletGuardianvip
· 3h ago
214K vs 224K, the data still looks okay... but it's hard to say how long this wave can last. It seems like the US stock market is about to start hyping up the strong economy again.
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DegenWhisperervip
· 4h ago
214K vs 224K, it's the same "economic resilience" narrative... Honestly, I'm tired of it. Every time the data is a bit better, they say the fundamentals are stable; when it's a bit worse, they say it's cyclical fluctuations. In the end, it still depends on what Powell says.
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