US Initial Jobless Claims Hit 197,000, Crypto Markets Remain Range-Bound

US initial jobless claims for the week were reported at 197,000 on October 1, 2026, at 8:30 AM EST, coming in lower than the market expectation of 201,000 and matching the previous week's figure. The stable, low number suggests the labor market is not experiencing widespread layoffs. Following the data release, the cryptocurrency market showed limited reaction, with Bitcoin (BTC) trading at $83,900 (-0.4%) and Ethereum (ETH) at $2,705.6 (-0.3%), as investors await further economic indicators.