Breaking: U.S. Initial Jobless Claims Come In At 199K as Odds of January Fed Rate Cut Fall to 13%

The U.S. initial jobless claims have again come in lower than expectations, hinting at a potential rebound in the labor market. This development comes as the odds of a January Fed rate cut fall to new lows, which is a negative for the crypto market, as rate cuts this year fueled notable runs for Bitcoin.