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Weekly jobless claims in the US just fell to 198,000, marking continued softness in labor market flows. Here's why this matters for crypto traders:
Weak job claims data typically signals Fed easing cycles ahead—think lower rates, more liquidity in markets. That usually fuels appetite for risk assets, including crypto.
But here's the catch: stronger-than-expected labor reports can cool inflation fears and keep the Fed patient. Either way, economic data like this becomes a leading indicator for Bitcoin, Ethereum, and altcoin flows.
Watch these weekly prints. They're early signals of monetary policy shifts that ripple through digital assets weeks before major market moves.