Crypto Stocks To Watch After U.S. Jobless Claims Rise Above Expectations

The crypto stocks MSTR, CRCL and COIN fell Thursday after U.S. jobless claims came in above expectations. Strategy led the declines, losing 6.08% to $114.91 as Bitcoin weakened before the opening bell. Circle Internet Group slid 4.57% to $64.05, and Coinbase Global fell 3.91% to $130.94. All three stocks recovered some ground from their morning lows as the opening selloff eased.

U.S. Jobless Claims Rise Above Expectations

The Labor Department reported 200,000 seasonally adjusted initial claims for the week ended November 7, an increase of 9,000. The agency revised the previous week’s count to 191,000 from the 189,000 it originally reported.

New filings reached their highest level since October 10, exceeding market forecasts of 194,000 to 195,000. The four-week average stayed at 195,250 after revisions, as the latest count replaced an identical reading from October. Unadjusted initial claims totaled 206,982, down from 238,729 in the same week last year.

🚨 BREAKING: U.S. jobless claims rise ABOVE expectations!

> Initial claims: 200,000 versus 195,000 expected.

> Previous: 191,000 revised.

> Continuing claims: 1,697,000 versus 1,710,000 expected.

— Mister Crypto (@misterrcrypto) November 12, 2026

Continuing claims fell by 20,000 to 1,697,000 in the week ended October 31, below the 1,710,000 forecast. The agency revised the previous week’s tally down to 1,717,000. The four-week average for continuing claims fell to 1,707,750, and the insured unemployment rate stayed at 1.1%.

Bitcoin Drops to $71,600, Its Lowest Level Since August

Bitcoin traded near $71,600 before the U.S. market opened, down about 3% on the day and 9% for the week. The drop took roughly $45 billion off Bitcoin’s market value and left it 43% below its all-time high. Total cryptocurrency market capitalization fell 3.34% over 24 hours to $2.38 trillion.

$380 million in longs liquidated in the last 4 hours. Over $550 billion wiped out from the crypto market cap since October highs.

The selloff came as expectations for tighter U.S. monetary policy weighed on digital assets. The dollar strengthened against the yen, trading in the upper 159-yen range as crude oil prices rose. Higher yields on cash and short-term bonds can draw investors away from more volatile assets such as Bitcoin.

BREAKING: Bitcoin crashes below $72,000, hitting its lowest level in 12 weeks.

$380 million in longs liquidated in the last 4 hours.

Over $550 Billion wiped out from the crypto market cap since October highs. https://t.co/N2VZz8m4eH

— Bull Theory (@BullTheoryio) November 12, 2026

The Bureau of Labor Statistics will release October’s Producer Price Index on Friday at 8:30 a.m. Eastern time. The report tracks the prices domestic producers receive for goods, services, and construction.

Crypto Stocks MSTR, CRCL and COIN Slide Toward Key Support Levels

Strategy bounced from just below $113 and remained under $115 at midmorning. Clearing that ceiling could take the stock toward $116 and then $117.50, where it traded before the opening bell. If the shares give up the morning low, the next support sits near $112.50.

Circle briefly touched $63 at the open and bounced to about $64.50. A break above that level could take the shares to $65 and then toward their premarket high near $65.70. If Circle slips below $63.50 again, a retest of the opening low becomes possible.

Coinbase dipped near $129 at the open and later ran into resistance around $131.75. Above that level, the next hurdles are $132.50 and the stock’s premarket high near $133.25. A move below $130 could erase that early bounce and send shares back toward their opening low.