US Initial Jobless Claims Lower Than Expected, BTC Price Reacts
The US initial jobless claims came in lower than expected, according to an official release on Thursday, April 16. The Department of Labor revealed that initial jobless claims reduced significantly for the week ending April 11. BTC price dropped immediately after the figures were published. Bitcoin Drops Amid US Initial Jobless Claims Data According to Department of Labour data, the US initial jobless claims declined by 11,000 compared to the previous week’s revised figure of 218,000. Moreover, the latest figure of 207,000 came in lower than the consensus estimate of 213,000. The data suggests a strong labour market in the










