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US jobless claims drop near 57-year low, fueling crypto uncertainty amid Fed rate outlook.

Market News
22 Oct 2026
Crypto news
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Neutral
US jobless claims drop near 57-year low, fueling crypto uncertainty amid Fed rate outlook.

US initial jobless claims fell to 194,000, close to a 57-year low, signaling strong labor market resilience despite slower job growth. This has increased uncertainty around the Federal Reserve's interest rate decisions, with rates expected to hold steady in October but possibly rise in December. Cryptocurrencies like Bitcoin, Ethereum, and XRP face resistance levels that could dictate their near-term price movements, influenced by the Fed's policy and market sentiment. Investors are watching key technical levels for potential breakouts or declines amid mixed economic signals.

As of Oct 22, 2026 20:52 WIB, Bitcoin trades at Rp1.466.853.300 on Pluang, down 2.49% in the last day. Ethereum also declined by 2.44% to Rp43.224.361, while XRP fell 2.28% to Rp23.815. Pluang data shows mixed order activity with Bitcoin buyers slightly outnumbering sellers at 52%, reflecting cautious sentiment amid economic uncertainty.

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