US Jobless Claims at 197K, Below Forecast; Crypto Stays Range-Bound
- —Initial jobless claims totaled 197,000 vs. 201,000 expected
- —The reading matched the prior week's 197,000
- —Bitcoin trades at $83,900, down 0.4% over 24 hours
- —Ethereum holds at $2,705.6, down 0.3%
Why it matters: A steady labor market lowers recession risk but gives the Fed little reason to ease, keeping crypto range-bound.
Source: Siam Blockchain