Bitcoin Volatility Amid U.S. New Unemployment Claims at 196,000

Bitcoin experienced volatility after U.S. new unemployment claims were reported at 196,000, according to CoinGape. The data showed a decline of 10,000 from the prior week's 206,000 filings. CoinGape noted that this employment indicator has raised questions about how it might influence the Federal Reserve's interest rate trajectory following recent rate hikes.