As of the week ending December 27, the number of initial unemployment claims in the United States dropped significantly to 199,000, well below the previous forecast of 220,000, indicating increased resilience in the labor market. This data has complicated market expectations for the Federal Reserve to cut interest rates by early 2026 and reinforced the stance of "higher interest rates lasting longer" as inflation remains above the target level. For the cryptocurrency market, a strong macroeconomic environment weakens a key argument for rapid easing monetary policy, which could continue to pressure risk assets such as Bitcoin.