Fewer Jobless Claims, Fewer Excuses for Rate Cuts?
Key Highlights:
• Initial jobless claims hit 218,000, beating forecasts of 224,000
• Crypto markets remain resilient, with Ethereum holding above $3,700
Yello Paradisers! The latest U.S. labor data shows initial jobless claims fell to 218,000 for the week ending July 26, 6,000 fewer than forecast, and a gentle nudge to anyone hoping the economy was slowing down just yet.
But don’t expect fireworks. While traditional markets logged modest moves, crypto assets barely flinched. As one analyst put it: “Jobless claims don’t shake Bitcoin anymore, only Jerome Powell does.”
Ethereum Stays Calm, Keeps Climbing
Ethereum held firm at $3,799, with a market cap of $462B and 24-hour volume at $34.78B. Over the last 90 days, ETH has soared 108.19%, shrugging off short-term macro fluctuations like a trader who’s finally mastered emotional discipline.
Historical data suggests jobless claims rarely move crypto markets unless paired with other catalysts like rate hikes or inflation spikes. But when paired with forward-looking regulation or favorable White House reports? That’s when ETH tends to take off.
White House Crypto Task Force Report Lands
In a quietly bullish development, the newly released White House crypto report advocates opening digital asset markets at the federal level, establishing a U.S. dollar stablecoin as a payment core, and pushing back against government overreach into law-abiding crypto users.
No surprise ETH held firm. If anything, the market seems to be anticipating regulatory clarity as a greenlight for long-term adoption, and potentially massive institutional onboarding.
Stream This: What It Means for ETH, BTC, and Your Portfolio
We will unpacked in detail during our MCP YouTube stream, how jobless data sets the stage for September Fed moves, and what Ethereum’s resilience tells us about the upcoming ETH/BTC breakout narrative.
MCP News Private will follow up with a deeper breakdown, complete with real-time market reactions and updated ETH accumulation zones, all for just $3/month, cheaper than a haircut, and better at protecting your long-term gains.
Inside ParadiseFamilyVIP, our team is already positioning around macro-resilient assets like BTC/ETH and high-potential altcoins that thrive in policy transition phases. We’re also tracking layer-2 inflows, regulatory impact zones, and capital rotation plays ahead of August CPI.
Because if inflation spikes, employment stays strong, and BTC/ETH keeps calm, someone’s portfolio is about to get a professional-level upgrade.
