🚨BREAKING🚨

🇺🇸United States Initial Jobless Claims

Actual: 236K

Expected: 223K

Previous: 191K

👉 This means more people filed for unemployment, so the job market is getting weaker.

📌 So… Is this good or bad for crypto?

💎 Short Term

Expect some market shakiness.

Prices might dip quickly or move up and down for a bit.

Short-term: slightly bearish or choppy.

💎 Medium Term

This can actually be bullish for crypto.

Here’s why:

A weak job market means the economy is slowing.

That puts pressure on the Federal Reserve to cut interest rates.

Lower interest rates = more liquidity = good for crypto.

➡️This also fits with what Powell said yesterday about the labor market weakening.#TrumpTariffs #USJobsData #CPIWatch