US Jobless Claims Signal Stability, Bitcoin Approaches Inflection Point at $85K

New data on US initial jobless claims reveals stability in the labor market, with claims dropping to 215,000 in April. This signals a robust economy and potentially impacted investor sentiment towards risk assets like Bitcoin (BTC). The recent report, which aligns with Fed Chair Jerome Powell’s recent comments about the impact of tariffs on both inflation and growth, suggests a cautious approach from the Federal Reserve.