The U.S. initial jobless claims came in below estimates of 226,000, suggesting a rebound in the labor market, which is typically bearish in the push for a rate cut. However, despite this development, Bitcoin rose on the back of the data release, reaching $87,000 from an intraday low of around $86,400. U.S. Initial Jobless Claims

The post Breaking: U.S. Jobless Claims Come In Below Expectations, Bitcoin Climbs appeared first on CoinGape.

Share To:

CoindeskCrypto

Post A Comment:

0 comments so far,add yours

JPMorgan & Wall Street Giants See Hot US CPI Inflation at 4.2%, Bitcoin, ETH, XRP to Fall?

The US stock market and global crypto market are facing renewed selling pressure ahead of today’s US CPI inflation data release. JPMorgan, M...