This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$COAI US data puts pressure on crypto!
Jobless claims came in today at 191K, much lower than the expected 219K, which means a strong labor market and reduced chances of a rate cut soon.
📈 Result:
Positive for the dollar
Negative for cryptocurrency prices
In short: The market may see downward pressure on crypto today.