Crypto Markets Analysis: A persistently robust employment market has played a major role in capping asset prices, though a floor seems intact as well. GWilliamsJr_CMT reports
) relatively mild reaction to Thursday job figures was consistent with the current, cautious market mood that has kept major crypto assets trading relatively flat.
Initial jobless claims decreased by 2,000 from a week prior to 190,000, falling below expectations of 195,000. The week-over-week decline offers the latest evidence of a job market that remains exceedingly tight, leaving it more likely to put upward pressure on prices.
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