Weekly jobless claims came in at 198K for the period ending January 10th—beating the consensus forecast of 215K. Meanwhile, continuing claims stood at 1.884M, slightly undershooting the expected 1.893M figure. These softer-than-anticipated labor numbers could ease some Fed pressure concerns, potentially shifting sentiment across risk assets including crypto markets. The tighter-than-expected unemployment data suggests labor market resilience, which typically influences investor appetite for volatile positions.