‼️ U.S. Initial Jobless Claims: 211,000 |Exp.: 205,000 | Prev.: 200,000

Claims come in higher than expected! A higher-than-expected number is generally #bearish for the dollar and supportive for equities and bonds. A hot reading lifts rate-cut expectations, which tends to be supportive for risk assets including crypto. The exception is if the market reads it as a genuine recession signal rather than just fuel for Fed easing, in which #case risk assets can sell off instead. #crypto