Bitcoin Price Soars Near $112K as Risk Assets Ignore Jobless Claims

Despite concerns about the bond market, Bitcoin and stocks held steady at the beginning of the Wall Street trading day on May 22, 2025. The latest US macroeconomic data showed conflicting trends regarding labor market resilience in light of inflation. Initial jobless claims were below expectations at 227,000 while continuing claims exceeded targets by 13,000. However, this news had little effect on risk assets, which remained strong. This suggests a bullish sentiment driven by the potential for further government intervention in the bond market and growing optimism over Bitcoin’s price discovery.