Latest US jobless claims data just dropped—came in at 191K, crushing expectations.
Market was pricing in 219K. Last week's print? 218K.
That's a solid beat. Stronger labor market keeps the Fed's hands tied for rate cuts, which usually means tighter liquidity conditions across risk assets. Worth watching how this ripples through crypto over the next few sessions.
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BearWhisperGod
· 12-05 19:45
Didn't expect the unemployment data to be this strong. The Fed will have to hold onto rates even tighter... The crypto space is probably going to get battered by liquidity fluctuations again and again.
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TokenomicsDetective
· 12-04 20:15
191K? This number is pretty brutal, it completely smashed expectations... Wait, does this mean the rate cut will be postponed again?
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CascadingDipBuyer
· 12-04 20:15
No rate cut, huh? Looks like the crypto market might get hit again.
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SerLiquidated
· 12-04 19:59
191K? Oh my goodness, now the Fed is even less likely to cut rates. My positions are in danger.
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BlockBargainHunter
· 12-04 19:52
Oh my, the Fed has to hold off on rate cuts again. Now liquidity in the crypto space will really tighten up.
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MevTears
· 12-04 19:50
191K directly breaks the defense, Bitcoin must be excited now... But wait, is tightening liquidity really a good thing for us?
Latest US jobless claims data just dropped—came in at 191K, crushing expectations.
Market was pricing in 219K. Last week's print? 218K.
That's a solid beat. Stronger labor market keeps the Fed's hands tied for rate cuts, which usually means tighter liquidity conditions across risk assets. Worth watching how this ripples through crypto over the next few sessions.