Key points:
Mixed results for US jobless claims fail to dent risk-asset enthusiasm.
Despite concerns over the bond market, Bitcoin and stocks enjoy stability at the start of the Wall Street trading session.
BTC price expectations remain lofty amid low volatility and a curious lack of profit-taking.
Bitcoin (BTC) focused on $111,000 around the May 22 Wall Street open as record highs met mixed US unemployment data.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin, stocks brush off jobs uncertainty
Data from Cointelegraph Markets Pro and TradingView showed BTC price volatility cooling in line with stocks.
The latest US macroeconomic data painted a conflicting picture of labor market resilience to inflation trends.
Initial jobless claims came in below expectations at 227,000, while continuing claims exceeded their target by 13,000.
Far from a wary reaction, however, risk assets maintained prior levels, leading analysis to bullish conclusions over market sentiment.
“Initial Jobless Claims