US jobless claims hint at stability as Bitcoin reaches 'inflection point' at $85K

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Related: Bitcoin gold copycat move may top $150K as BTC stays 'impressive'Bitcoin remains at an inflection point, says analystFor risk assets like Bitcoin, the recent US jobless claims data leans bearish in the short term, as a strong labour market reduces the likelihood of rate cuts, which supports speculative investments.

Initial jobless claims are a leading economic indicator that measures the health of the US economy and it often impacts investor sentiment around risk assets like Bitcoin (BTC).US jobless claims data.Source: Investing.comResiliency in the labor market comes on the back of Federal Reserve Chair Jerome Powell’s recent comment about the impact of tariffs.

Bitcoin analysis by Titan of Crypto.Source: X.comAn inflection point in trading is a critical juncture where the market's direction or momentum may shift significantly.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United StatesOman

Topics: Claims Economic Jobless Momentum Crypto Data Market Level Bitcoin Tariffs Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 22:00:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27968788

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 8 posts per day

Year Established: 2013

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News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #11

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