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Could Bitcoin Rebound Tonight? U.S. Jobless Claims Data Could Become a New Catalyst for the Crypto Market!

What does Bitcoin need most right now? Some say capital, some say good news, and others say the market just needs to stop being so scary!
The U.S. initial jobless claims data will be released tonight and could become an important factor influencing short-term market sentiment.
If claims come in higher than expected, that would mean more people are applying for unemployment benefits. The market may reassess the strength of the U.S. labor market and pay more attention to future rate cuts.
If the dollar weakens and Treasury yields fall at the same time, risk assets may get some breathing room, and Bitcoin and Ethereum could benefit as well.
But if the labor market remains strong, the market may worry that the Federal Reserve will continue to keep interest rates high, putting pressure on cryptocurrencies.
Keep in mind that an increase in the number of unemployed people does not necessarily mean the economy is deteriorating across the board, and weekly data can also be affected by seasonal factors.
Will Bitcoin strike back tonight, or will the bears remain in control? Investors, don’t pop the champagne over just one number!$SNDK
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coin rely on universal
Which creator are you bullish on this year? 🏆
coin rely on universal
Which creator are you bullish on this year? 🏆
coin rely on universal
Which creator are you bullish on this year? 🏆
coin rely on universal
Who are you backing for Creator of the Year? 🏆