US jobless claims come in at 194,000, below forecast; crypto stays range-bound
- —Jobless claims: 194,000 vs 198,000 expected, unchanged from the prior week
- —Core PCE: +3.1% year over year and +0.3% month over month, both in line
- —BTC near $80,097 and ETH near $2,323, each down 0.9% in 24 hours
- —The data did not shift Fed policy expectations; traders await the next prints
Why it matters: Core inflation still above the Fed's 2% target rules out rapid rate cuts, keeping crypto pinned in a tight range.
Source: Siam Blockchain