Labor market cooling slowly – what does it mean for crypto?
Claims are sticking near the 225k level, not hot, not cold. Feels like the Fed gets to wait and watch. For crypto, that might mean we stay range‑bound a bit longer.
Another week, another jobless claims number that’s basically steady. Slightly above forecast, but still trending lower week‑over‑week. 🤔 The labor market is cooling, but at a pace that keeps the Fed comfortable doing nothing.
For crypto, a patient Fed is good – no sudden rate shocks. But it also means no strong catalyst to break us out. I’m watching SOL around 69.69, stuck between 68 and 72. If we keep grinding sideways, altcoins like AVAX and LINK might follow the same script.
Wondering if a break above 72 on SOL could spark some momentum, or if lower labor demand eventually weighs on risk appetite. What’s your read?
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