Bitcoin Nears $90K as US Jobless Claims Drop to 199,000 and Rate Cut Hopes Fade

Bitcoin is trading close to $90,000 as new Department of Labor data shows initial jobless claims falling to 199,000, below the 200,000 level many analysts had expected. The stronger-than-anticipated labor reading suggests the US economy remains resilient and may reduce pressure on the Federal Reserve to cut interest rates aggressively in early 2026. This development could weigh on risk assets like Bitcoin in the short term, even as year-end labor data is often considered noisy due to seasonal factors.