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U.S. December jobless rate came in at 4.4%, beating estimates of 4.5% and matching the previous month's print. This cooler-than-expected labor market reading is stirring up fresh conversations around Fed policy direction heading into 2025. Markets are parsing what this means for rate trajectories—tighter labor conditions could reshape the macro backdrop for risk assets. Worth tracking how this influences Bitcoin, Ethereum, and the broader digital asset complex in the coming weeks.