Jobless claims in the U.S. ticked up to 200,000 last week, but that's still historically subdued. What does this mean for crypto markets? Tight labor markets typically signal strong demand, which can fuel inflation expectations and shape Fed policy direction. That, in turn, impacts everything from Bitcoin to altcoins through shifting liquidity conditions and risk appetite. When employment stays robust, it generally supports higher risk-on sentiment in crypto. But watch this space—sustained low claims data could shift Fed narrative, which matters big time for asset allocation in Web3.