The latest weekly initial jobless claims data released in the United States has attracted widespread follow from the market. At 8:30 PM Beijing time on July 19, this data, regarded by Wall Street as an important economic indicator, was released, and its influence extended not only to the TradFi market but also drew close attention from Crypto Assets investors.

Data shows that the number of people applying for unemployment benefits this week is 217,000, lower than the expected value of 226,000, and also lower than last week's 221,000. This data indicates that the resilience of the U.S. job market exceeds market expectations, demonstrating a continued recovery trend in the economy.

This 'better than expected' employment data may have multiple impacts on various asset markets. In the TradFi market, the US dollar may gain support as a result. Strong employment data could strengthen market expectations for the Federal Reserve to maintain its current monetary policy stance, thereby supporting a stronger dollar. At the same time, dollar-denominated commodities such as gold and crude oil may face some downward pressure.

However, for the Crypto Assets market, the impact may not be so direct. While there are views that a strong dollar could put pressure on Bitcoin and other Crypto Assets, the actual situation may be more complex. The direction of the Crypto Assets market is influenced not only by macroeconomic data but also closely related to industry-specific factors, regulatory dynamics, and investor sentiment.

It is worth noting that the crypto assets market has demonstrated a certain degree of independence. Recently, despite fluctuations in the TradFi market, the price of Bitcoin has remained relatively stable. This may indicate that crypto assets investors are paying more attention to developments within the industry rather than simply following macroeconomic indicators.

Overall, while the better-than-expected U.S. employment data may impact short-term market sentiment, the long-term development prospects of Crypto Assets still depend on their own technological advancements, expansion of application scenarios, and changes in the global regulatory environment. Investors should closely follow the inherent development dynamics of the Crypto Assets industry while paying attention to macroeconomic data.