Labor Market and Inflation Data Could Decide Bitcoin’s Next Move

[madtrader]

This week’s jobless claims report and inflation expectations data are critical for shaping Bitcoin’s short-term direction. If unemployment claims rise, it could strengthen the case for earlier Federal Reserve rate cuts—historically a bullish signal for crypto markets.

On the flip side, stronger labor data or rising inflation expectations could reinforce a “higher-for-longer” interest rate environment. That scenario tends to limit liquidity and reduce risk appetite, potentially keeping Bitcoin stuck below key resistance levels.

[nihalsari]

rising jobless claims could shift expectations toward monetary easing, which historically supports risk assets including crypto