KelvinTrader

Today’s news: U.S. weekly unemployment claims fell to 231,000, beating expectations of 240,000
This drop signals the labor market may be more resilient than feared, which could reduce the urgency for aggressive Fed rate cuts; for Bitcoin and Ethereum, that might temper upside momentum as interest rates stay higher for longer, making speculative, high-beta assets less attractive though the broader crypto market could still benefit modestly if this comfort in economic strength is paired with steady monetary easing and sustained liquidity flows.

Bitcoin today is stuck in a volatile consolidation zone around $112–$114 K, struggling to regain sustained momentum after a recent wave of liquidations erased billions in leveraged long positions amid macro headwinds. The market is being pressed by a stronger U.S. dollar, hawkish central bank posture, and regulatory uncertainties—even as institutional demand and ETF pipelines provide a bullish undercurrent. With the U.S. SEC streamlining ETF approvals and more corporate treasuries accumulating BTC, those tailwinds could spark a fresh leg upward if Bitcoin breaks decisively past $115–$116 K res