The US initial unemployment claims data has been released. This week's actual figure is 198K, compared to 208K previously, and market expectations are 215K. The positive side is that the actual data is below expectations and also lower than the previous week, indicating that the job market is still stable. What does this data mean for the crypto market? Simply put, the lower the unemployment data, the more robust the economy, making it harder to predict whether the Federal Reserve will rush to cut interest rates. Conversely, if unemployment rises, it will reinforce market expectations for easing policies. So traders are all watching this data — it directly influences the trends of commodities, the US dollar, and the entire risk asset spectrum (including cryptocurrencies). This time, the better-than-expected data may temporarily suppress safe-haven assets.