US jobless claims just came in cooler than expected. The unemployment rate landed at 4.4%, beating the forecast of 4.5% and down from the previous 4.6%. Meanwhile, job creation fell short—only 50K new positions added versus the anticipated 70K and prior month's 60K.

What does this mean for markets? Mixed signals here. Lower unemployment is traditionally bullish, but weaker job growth might signal economic slowdown, potentially keeping the Fed accommodative longer. This dynamic typically influences capital flows across risk assets, including crypto markets where macro conditions play an outsized role in determining investor appetite and liquidity conditions.