🚨A Crucial Moment for Crypto: Unemployment Data is Coming Today!

The FOMC minutes published yesterday showed a divide within the Fed regarding interest rate cuts. The majority still sees inflation as the main risk, which strengthens the perception of 'no hasty cuts'.

But the key data is set to be released today at 15:30 GMT: US Initial Jobless Claims

•Expectation: 226K

•Previous: 224K

👉 If it comes in above expectations: Signal that the labor market is weakening

Closer to Fed cuts → Positive for #crypto.

👉 If it comes in below expectations: Strong employment puts Fed on guard Short-term pressure on crypto.

All eyes are on this data, with the finale tomorrow when Powell gives a speech at Jackson Hole.