US jobless claims fall to 196K, bitcoin briefly hits $76,800
- —Jobless claims fell to 196,000 versus a forecast of 207,000
- —The four-week average fell to 203,250
- —Bitcoin rose to $76,800, then pulled back to $76,051
- —The Fed's median rate forecast for year-end is 4.1%
Why it matters: A strong labor market reduces the chances of near-term Fed easing, weighing on risk assets including bitcoin.
Source: CoinGape