#CryptoRally
๐ US Jobless Claims Report ๐บ๐ธ
- *Actual*: 235K ๐
- *Expected*: 226K ๐
- *Previous*: 224K ๐บ
Labor Market Signal
- Jobless claims increased again, higher than expected.
- Signals weakness in the US labor market.
- Boosts speculation on Fed rate cuts.
Crypto Impact
- More chances of rate cuts = Liquidity inflow.
- Bullish for Crypto ๐.