the unemployment rate surprisingly decreased in January, and more jobs were added to the labor market than expected. These developments suggest that the American economy may not be slowing down anytime soon, and the Federal Reserve may be able to maintain its 25 bps rate hike. This is in contrast to the growing speculation of a 50 bps rate hike following the recent testimony of the Fed chair at the U.S. Senate Hearing.
| Indices | LTP | Change (%) |
|---|---|---|
| BITCOIN | 20598 | 3.05% |
| ETHEREUM | 1454 | 1.88% |
| Indices | VALUE | Change (%) |
|---|---|---|
| MARKET CAP | $979 B | 1.30% |
| TRADING VOLUME | 109 B | 23.17% |
| Indices | LTP | Change (%) |
|---|---|---|
| SINOVATE | $0.00040 | 78.29% |
| ZENITH CHAIN | $0.0062 | 62.79% |
| ALUNA | $0.0064 | 45.42% |
| SINGULARITY | $0.0018 | 43.78% |
| NEYTRINO INDEX TOKEN | $0.10 | 43.59% |
| Indices | LTP | Change (%) |
|---|---|---|
| KICK.IO | $0.00015% | 81.37% |
| DOEX | $0.000046 | 80.52% |
| BONFI | $0.000011 | 75.13% |
| DIGITALDOLLAR | $0.34 | 57.01% |
| QASH | $0.0018 | 53.05% |
According to the latest data on nonfarm payrolls from the Bureau of Labor Statistics, the United States has added a staggering 311,000 jobs in February. This figure is significantly higher than the 225,000 jobs that economists had predicted would be added. However, it is lower than the previously reported 517,000 jobs in January.
There are fake "CryptoGPT" accounts on Twitter offering cryptocurrency giveaways. These accounts are not affiliated with ChatGPT, the genuine AI language model. Users should be cautious and avoid engaging with these fake accounts to protect themselves from potential scams or frauds.
Thailand's Securities and Exchange Commission (SEC) has proposed a ban on staking and lending services offered by virtual asset service providers (VASPs). The proposed ban aims to protect investors from potential risks associated with these services, such as fraud and hacking. If the ban is implemented, VASPs in Thailand will no longer be able to offer staking and lending services to their customers, although other virtual asset services will still be allowed.
COINGABBAR Views: The release of nonfarm payroll data caused a significant increase in prices across various sectors. Additionally, the U.S. stock index futures experienced a volatile trading session, ultimately turning positive after the jobs data was released. As a result, many are wondering if the crypto market will follow suit and experience a similar rebound. It remains to be seen whether this trend will continue, but it is clear that the nonfarm payroll data has had a significant impact on the markets. Stay tuned with us for more updates at www.coingabbar.com
Also read: Federal Reserve Creates Specialized Team to Monitor Cryptocurrency Industry
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