US Initial Jobless Claims Plunge to 198K! 📉💥Week ending Jan 10: Actual 198,000 vs expected ~215,000 (huge beat!). Prior week revised lower too. This is the lowest since Nov – screaming super tight labor market, no recession in sight!
Crypto Impact Breakdown:
Short-term bearish pressure: Strong data = less urgency for Fed rate cuts. CME FedWatch shows ~95% chance rates stay unchanged end-Jan (minimal cut odds). Higher-for-longer rates → tighter liquidity → potential dips in risk assets like BTC and ETH
Long-term bullish: Healthy economy fuels risk appetite. No layoffs = sustained growth = perfect for crypto adoption & rallies ahead!BTC resilient today ~$96,400 (briefly hit $97K+ earlier).
Holding strong despite the data – whales accumulating? 📈Volatility incoming with more data (CPI, payrolls)
This reduces odds of near-term Fed rate cuts, which could pressure risk assets like BTC & ETH short-term (less liquidity incoming). But no recession fears = bullish long-term for risk-on markets! 📈
but this resilience screams opportunity!Dip buyers loading? Or waiting for pullback? Drop your thoughts!
