The most recent first unemployed claim data in the United States was 215,000, less than the estimated expectations of 225,000, on April 17. The decrease in the demands of the unemployed indicated that the American labor market has been stable, as fewer people are affected by the uncertainty in the American definitions. Initial unemployment claims are a major economic indicator that measures the health of the American economy and often affects investor morale on risk assets such as Bitcoin (BTC).
Flexibility in the labor market comes against the background of the recent suspension of the Federal Reserve Chairman Jerome Powell about the impact of definitions. At a press conference at the Chicago Economics Club on April 16, Powell He said,
“The level of increases in the tariff that has been announced so far is much greater than expected. It is likely that the same thing applies to economic effects, which will include higher inflation and slower growth.”
The Federal Reserve Chairman also stated that the Federal Reserve has no plans to interfere in market rescue operations or carry out price discounts in the near future. This position is in line with his previous comments from April 4, 2025, when he indicated that it is “very scheduled” to consider price discounts, reflecting cautious federal reserve approach amid continuous economic uncertainty.
However, the European Central Bank has reduced interest rates to 2.25 % from 2.50 % to combat economic pressure from American commercial tariffs. according to Data, The European Central Bank has increased borrowing costs to its lowest level since late 2022, with a reduction in the current rate, which represents its seventh reduction within a year.
Related: Bitcoin Copecat 150,000 dollars may lead the BTC “impressive”.
Analyst says that bitcoin remains at a turning point
For risk assets such as Bitcoin, claims of claims in the last United States are inclined in the short term, as the strong labor market reduces the possibility of price cuts, which supports speculative investments.
BTC prices have been unified in a narrow range over the past few days, and has failed to break the level of $ 86,000. In light of this, Titan Titan from the unknown Crypto said that Bitcoin is in a “turning point”.
The reflection point in trading is a critical turn, as the market or momentum may turn significantly. It is a moment when the balance between buyers and sellers reaches a turning point, and often leads to a reflection or acceleration in the direction. The merchant said,
Bitcoin.
Magos trader flow request male This bitcoin is combined between 83,700 dollars and $ 8,200. In order to continue the bullish momentum, the BTC must break above $ 85,000 soon, as long -term plans indicate potential declining risks if this level does not exceed.
Related: Bitcoin price levels to watch with a reduction in the federal reserve price. Hopes fade
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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