Strong U.S. Jobs Data Pressures BTC 📉
Fresh macro data just hit and crypto felt it.
U.S. initial jobless claims fell to 214,000, well below expectations, according to the U.S. Department of Labor 🏛️
That signals a labor market that’s still resilient, not cracking as many feared 💪
Why does this matter for
$BTC ? 🤔
Fewer jobless claims means less urgency for Fed easing 🏦
Strong macro data supports higher rates for longer ⏳
Risk assets lose momentum ⚠️
As the data dropped, BTC slipped and is now trading just above $87,000, still unable to reclaim the $90K level 📊
This is happening even while stocks 📈 and gold 🟡 push higher.
For now, Bitcoin isn’t crashing. It’s reacting.
Sideways price action in a strong macro environment often means the market is waiting for the next real catalyst ⏱️
#BTC #PriceAnalysis #MacroInsights $BTC