$BTC Today’s Macro Data Could Decide Crypto’s Next Move
Markets are walking a tightrope today. After digesting yesterday’s macro noise and geopolitical headlines, today’s U.S. data drops could reignite volatility across stocks and crypto.
The key theme? Jobs are softening — not breaking. That distinction matters. Rising Unemployment Claims act as a high-frequency stress gauge, and while one print won’t decide the trend, a continued drift higher could ease rate fears and fuel risk-on momentum. That’s exactly what bulls want to see.
Layer in productivity, labor costs, trade balance, and consumer credit, and you have a full snapshot of whether the economy is cooling smoothly or slipping too fast. If labor cools without cracking, markets usually push higher. If it snaps, risk assets feel it first.
This is one of those sessions where macro, not narratives, sets the tone.
Are you positioned for continuation… or bracing for whiplash?