The US labor market continues to perform well. The latest data shows that initial unemployment claims have decreased for three consecutive weeks, reflecting an increasing stability in the employment market. This is a positive signal for the macroeconomic trend— a stable labor market usually means sustained consumer spending, thereby supporting economic growth. For the crypto market, a stable economic environment will influence the Federal Reserve's policy pace. Investors typically pay close attention to such data because they often indicate a shift in interest rate policies. In other words, the resilience of the labor market may delay or alter expectations of rate cuts, indirectly affecting the attractiveness of high-risk assets.