Bitcoin · Federal Reserve (FED) · U.S. · CryptoSlate
Why a resilient jobs market keeps turning into a Bitcoin sell signal
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Good news for the American worker came at the worst possible moment for Bitcoin.
Key facts
- Initial jobless claims fell by 4,000 to 226,000 for the week ending June 13
- Bitcoin is +1.41% over the past 24 hours and currently sits at rank # 1 by market cap
- Continuing claims show whether laid-off workers are getting rehired, and those rose by 24,000 to roughly 1.81 million, the highest in nearly three months, with the average unemployed person now
- The median dot for the end of 2026 climbed to 3.8% from 3.4% in March, which flips the committee's base case from a cut to a hike, with 9 of 18 participants now expecting at least one increase
Summary
01 Weekly jobless claims fell to 226,000, unemployment held at 4.3%, and Bitcoin slid below $64,000. 02 The stronger labor picture reduces Fed cut odds, keeping rates, real yields, and the dollar tighter against Bitcoin. 03 Traders now await CPI, PCE, payrolls, and claims data to see whether easing hopes or hike risk wins out. BTC spent the spring positioned as an asset waiting for the Federal Reserve to loosen financial conditions, and every reading showing a resilient labor market pushes that moment further into the future.