U.S. jobless rate has climbed to 4.6%, extending an upward trend that started back in 2023. This persistent rise in unemployment signals growing economic headwinds that typically weigh on risk assets, including the crypto market. When labor market conditions tighten and employment uncertainty rises, investors often reassess their exposure to volatile asset classes. The data underscores broader economic pressures that could influence Fed policy decisions and overall market dynamics in the months ahead.