According to Crypto Rover, US initial jobless claims came in at 245,000, slightly below the expected 246,000 (source: Crypto Rover on Twitter, June 18, 2025). This marginally better-than-anticipated labor data suggests continued resilience in the US job market, which may reduce immediate expectations for aggressive Federal Reserve rate cuts. For cryptocurrency traders, especially those holding BTC and ETH, such data can signal short-term US dollar strength, potentially leading to increased volatility or downward pressure in crypto prices as risk appetite shifts (source: Crypto Rover). Traders should monitor upcoming macroeconomic releases for further direction.

According to Miles Deutscher, several key macroeconomic events next week could impact cryptocurrency markets. On Monday, Manufacturing PMIs will be released, which could influence market sentiment. Tuesday sees a tariff deadline for Mexico and Canada that could affect cross-border trade dynamics. Wednesday's ADP employment report and Non-manufacturing PMIs may offer insights into economic health, potentially affecting investor confidence. Thursday's US jobless claims provide a snapshot of labor market conditions, while Friday's Employment Situation report could significantly influence market volatility. Traders should monitor these events closely for potential impacts on cryptocurrency valuations.