According to Evan (@StockMKTNewz), the US Producer Price Index (PPI) for April declined by 0.5% month-over-month, surpassing estimates of a 0.2% drop. April retail sales rose by 0.1% MoM, slightly above the expected flat reading, while 229,000 new unemployment claims were filed last week, exceeding forecasts. These mixed economic signals suggest easing inflation pressures with resilient consumer spending, factors that typically influence Federal Reserve policy expectations and risk sentiment in the crypto market. Traders may see short-term volatility in Bitcoin and altcoins as investors reassess the outlook for US interest rates and liquidity conditions. (Source: Twitter - @StockMKTNewz)

According to The Kobeissi Letter, new unemployment claims in the US increased by 22,000 last week, reaching a total of 242,000. This number remains relatively low historically. However, a notable surge of 26% in unemployment claims was observed in Washington, DC, attributed to layoffs within the DOGE sector. Traders may want to monitor DOGE-related developments closely, as regional employment trends can influence market sentiment and asset valuations.