Bitcoin (BTC) approached $69,000 during the Wall Street open on May 30, driven by favorable U.S. macroeconomic data. The latest U.S. jobless claims were higher than expected, indicating a loosening labor market, which bolstered risk assets, including Bitcoin.

Data showed initial jobless claims at 219,000, surpassing the forecasted 217,000 and the previous month's 215,000. This, combined with GDP data aligning with expectations, supported a bullish narrative for risk assets, suggesting potential financial condition easing.

Market reactions included a decline in U.S. bond yields and a 0.33% drop in the U.S. dollar index (DXY). Despite these conditions, the CME Group’s FedWatch Tool indicated low expectations (1.1%) for an interest rate cut at the Federal Reserve's upcoming meeting on June 12.

Bitcoin faced resistance around the $69,000 mark, while bid support strengthened at $66,800, reflecting shifting liquidity conditions in order books. Analysts believe the current market environment favors continued upside for speculative assets, including Bitcoin, with pullbacks seen as temporary pauses in the broader bull market trend.