Two critical data regarding the US economy, closely monitored by global markets, have been announced. Weekly unemployment claims came in at 218,000, falling below the expected 235,000. This situation indicated a stronger picture in the labor market than anticipated.
On the other hand, Gross Domestic Product (GDP) recorded a year-on-year growth of 3.8% in the second quarter on an annualized basis. The market expectation was at the level of 3.3%. The growth data that came in above expectations revealed that the American economy maintains its resilient structure and that inflationary pressures may continue.
Following the data, the view that the Fed may not act hastily on interest rate cuts gained momentum in the markets. Strong GDP has narrowed the room for rate cuts while raising concerns that inflation could maintain its high trajectory.
Expectations for interest rate cuts remain strong but there is a decline
According to CME FedWatch data, the probability of an interest rate cut in October is priced at 81.2 percent. However, this rate was at 92 percent the day before. The likelihood of an interest rate cut for December has also declined from 73 percent to 58.8 percent.
Data has shaken the cryptocurrency markets. Bitcoin fell below 111 thousand dollars for the first time in two weeks. Ether, on the other hand, broke the 4 thousand dollar support downwards and pulled back to 3 thousand 924 dollars.
Published: September 25, 2025 16:20
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Blackrock’s Bitcoin Premium Income ETF Edges Closer to Market as SEC Amendment Reveals BITA Ticker
Blackrock is pushing deeper into crypto income strategies with a bitcoin-linked ETF designed to generate yield while tracking price exposure, signaling a more complex evolution in institutional bitcoin investing that blends derivatives with core holdings.
Blackrock Files Amendment for Bitcoin
Coinpedia16m ago
Crypto Market Flip Confirmed: $220K Bitcoin in Sight as 5 Altcoins Ignite the Next 1000X Run
The “Others” market cap structure is testing a long-term descending resistance trendline.
Altcoins like SUI and HYPE show stronger relative activity compared to meme-driven assets.
Breakout confirmation requires sustained volume and weekly structural closure above
CryptoNewsLand20m ago
A certain South Korean CEX postponed its IPO until after 2028, due to internal preparations and regulatory factors
A South Korean cryptocurrency exchange announced that it will postpone its IPO until after 2028 due to the need to improve internal controls and accounting policies, and it is still in the preparation stage. Although it is expected to generate $43 billion in revenue in 2025, internal and regulatory issues have impacted the IPO process.
GateNews1h ago
BTC briefly fell below 68,000 USDT, and the 24H price increase narrowed to 0.03%
Gate News message, April 1, market conditions show that BTC briefly fell below 68000 USDT, currently at 67999.9 USDT, with the 24H gain narrowing to 0.03%.
GateNews2h ago
Bitcoin Hovering at $68K as Traders Predict Near-Term Decline
Bitcoin has each week stretched the same narrative: a narrowing price range after a dip to $60,000 in early February, with bulls and bears locked in a quiet tug-of-war. The last few days have seen BTC flicker between its daily highs and lows in a compact corridor, leaving traders debating whether th
CryptoBreaking3h ago
