US jobless claims just came in lower than forecast. Initial claims hit 198k against expectations of 215k—a solid beat that signals labor market resilience.

For crypto traders, this matters. Stronger employment data typically fuels risk appetite, which can support market sentiment. When the Fed sees a tight labor market, it influences rate expectations and monetary policy direction. Both move markets.

Keep an eye on how this plays into the broader economic narrative over the next few weeks.