Two critical data regarding the US economy, closely monitored by global markets, have been announced. Weekly unemployment claims came in at 218,000, falling below the expected 235,000. This situation indicated a stronger picture in the labor market than anticipated.
On the other hand, Gross Domestic Product (GDP) recorded a year-on-year growth of 3.8% in the second quarter on an annualized basis. The market expectation was at the level of 3.3%. The growth data that came in above expectations revealed that the American economy maintains its resilient structure and that inflationary pressures may continue.
Following the data, the view that the Fed may not act hastily on interest rate cuts gained momentum in the markets. Strong GDP has narrowed the room for rate cuts while raising concerns that inflation could maintain its high trajectory.
Expectations for interest rate cuts remain strong but there is a decline
According to CME FedWatch data, the probability of an interest rate cut in October is priced at 81.2 percent. However, this rate was at 92 percent the day before. The likelihood of an interest rate cut for December has also declined from 73 percent to 58.8 percent.
Data has shaken the cryptocurrency markets. Bitcoin fell below 111 thousand dollars for the first time in two weeks. Ether, on the other hand, broke the 4 thousand dollar support downwards and pulled back to 3 thousand 924 dollars.
Published: September 25, 2025 16:20
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The U.S. government transferred 2.44 BTC to a certain CEX, worth about $177k
Gate News message. On April 10, according to Lookonchain monitoring, the U.S. government (funds seized involving Glenn Olivio) today deposited 2.44 BTC to a CEX, worth approximately $177k.
GateNews35m ago
BlackRock withdrew 2,700 BTC and 30,000 ETH from a certain CEX.
Gate News, April 10, according to Onchain Lens monitoring, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews39m ago
Bhutan’s Bitcoin reserves are down by more than 70%, with the sovereign wealth fund DHI frequently transferring assets, drawing attention
The Royal Government of Bhutan recently transferred approximately $18 million worth of Bitcoin. Its holdings have decreased from about 13,000 BTC in 2024 to 3,774 BTC, a reduction of more than 70%. The assets are managed by Druk Holding, and the country uses hydropower to mine Bitcoin. The recent transfers may be related to infrastructure financing needs. Bhutan still remains one of the world’s major Bitcoin-holding countries.
ChainNewsAbmedia1h ago
Tom Lee: The market is showing signs of forming a bottom; Ethereum, BMNR, and Bitcoin are recommended.
Gate News message, April 10, renowned market analyst Tom Lee posted that there are increasing signs the market bottom has already formed, even though the overall market still generally remains skeptical. Tom Lee suggested that for investors who are still skeptical, they could consider buying assets that performed ahead during the U.S.-Iran war. He pointed out that Ethereum and BMNR are among his top picks, and Bitcoin is also included among the recommendations. Tom Lee believes that crypto assets have already proven themselves to be a store of value during wartime.
GateNews1h ago
In the past hour, total liquidations across the entire network reached $43.04 million, with BTC liquidations of $21.52 million
Gate News news, on April 10, Coinglass data shows that over the past 1 hour, the total liquidation amount across the entire network reached $43.04 million. Of this, short positions were liquidated for $38.65 million, and long positions were liquidated for $4.38 million. By coin, the liquidation amount for BTC reached $21.52 million, and for ETH it reached $10.83 million.
GateNews1h ago
