Higher-than-expected jobless claims suggest a cooling labor market, which typically increases the likelihood of a dovish Federal Reserve policy (rate cuts), generally seen as a bullish liquidity factor for crypto.
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US Initial Jobless Claims
(Actual: 236k vs. Expected: 220k)
Higher-than-expected jobless claims suggest a cooling labor market, which typically increases the likelihood of a dovish Federal Reserve policy (rate cuts), generally seen as a bullish liquidity factor for crypto.
#CryptoRecovery #crypto $BTC AND $ETH.