The dollar has reacted negatively to an up-tick in U.S. jobless claims, benefiting bitcoin alongside equity markets, an analyst said.

According to TradingView data, the U.S. Dollar Index (DXY), which assesses the dollar's performance against a basket of major world currencies, registered a 0.45% decline from Thursday's high of 105.73 to 105.25.

In contrast, after the release of the U.S. unemployment figures, the S&P 500 traded within 1% of its record high. By the end of trade on Thursday, the Dow Jones was up by 0.85%, while the S&P 500 gained 0.51%, and the Nasdaq Composite rose by 0.27%. Also, the bitcoin price increased 2.5% in the past 24 hours and was trading at $62,927 at 9:06 a.m. ET, according to The Block’s Price Page.

"U.S. rates seem to have peaked on April 30, …