6 days ago

U.S. March Jobs Growth of 228K Blows Through 135K Forecast

The U.S. employment situation continued to roll along in strong fashion in March, adding another piece to the puzzle as the Federal Reserve contemplates the path of short-term interest rates in a world that`s markedly changed in the last 48 hours. Nonfarm payrolls rose by 228,000 last month, the Bureau of Labor Statistics reported Friday morning. Economists had expected a gain of just 135,000 following February’s increase of 117,000 jobs (revised from an originally reported 151,000). The unemployment rate for March, however, rose a tick to 4.2% against economists` consensus of 4.1% and February`s 4.1%. The price of bitcoin (BTC) was little-changed in the minutes following the report at $82,600. Ahead of the jobs report, the CME FedWatch Tool — which gauges market expectations for Federal Reserve policy — had priced in four rate cuts for 2025, which would bring the federal funds rate down to a target range of 3.25%–3.50%. While the Fed is still expected to hold rates steady at its May meeting, market participants are increasingly betting on a cut in June, with current odds showing a 60% probability. All this comes, of course, as Trump`s Wednesday evening tariff announcements threw markets into an historic tizzy. The Nasdaq plunged 6% on Thursday and the S&P 500 just shy of 5%. Hopes for some sort of Friday bounce were dashed a few hours ago when China announced retaliatory tariffs. Prior to the jobs data, Nasdaq and S&P futures were pointing to opening declines of around 3.5%. Bitcoin added to list of safe havens? To no surprise, gold is among the assets where investors have been hiding out. Though it`s down a bit since the tariff announcement, it remains very close to its record high of around $3,200 per ounce. Also to no surprise, U.S. Treasury bonds have seen a strong bid, with the yield on the 10-year tumbling to 3.89% just ahead of this morning`s jobs news, now lower by nearly 100 basis points since Trump`s inauguration. Bitcoin bulls may have been disappointed by the crypto`s behavior over the past weeks, with the price seemingly moving tick for tick with the struggling Nasdaq. Signs of a decoupling may be emerging though. Bitcoin on Thursday managed to hold the $80,000 level even as the Nasdaq tumbled throughout the day. Prior to this morning`s numbers, BTC was roughly flat in the $82,000 area even as futures pointed to a continuation of the Nasdaq plunge. Next up is March inflation data to be reported next week, with both core and headline CPI still seen hovering around 3%.

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XRP, Bitcoin (BTC), and Ethereum May Still Be Undervalued in 2025

In the ever-evolving cryptocurrency market, XRP , Bitcoin (BTC) , and Ethereum (ETH) continue to capture the attention of investors and analysts. Despite their substantial growth, some experts believe these assets may still be undervalued in 2025, offering potential opportunities for strategic investments. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW Current Market Performance As of April 10, 2025 , the market reflects the following prices: XRP : Trading at $2.00 , with an intraday high of $2.09 and a low of $1.77. Bitcoin (BTC) : Priced at $81,675.00 , experiencing an intraday high of $83,424.00 and a low of $76,153.00. Ethereum (ETH) : Valued at $1,591.54 , reaching an intraday high of $1,679.83 and a low of $1,444.64. These figures indicate a robust presence in the market, yet some analysts argue that their true potential is yet to be fully realized. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH MAGA50X MAGACOINFINANCE: An Emerging Opportunity While established cryptocurrencies present significant potential, emerging projects like MAGACOINFINANCE are also gaining traction among investors. MAGACOINFINANCE is dominating discussions with its clear path to serious ROI. Starting at $0.0002804 , the climb to $0.007 offers unmatched upside. Over 10,000 early movers have already secured their positions. Momentum is real—MAGACOINFINANCE is the moment. Additional Considerations: TON, ADA, and AVAX Other cryptocurrencies also present noteworthy opportunities: Tokamak Network (TON) : Trading at $1.064 , with an intraday high of $1.13 and a low of $0.994. Cardano (ADA) : Priced at $0.618666 , experiencing an intraday high of $0.643361 and a low of $0.556659. Avalanche (AVAX) : Valued at $17.99 , reaching an intraday high of $18.74 and a low of $16.02. While these assets show potential, they currently lack the momentum observed in XRP, Bitcoin, and Ethereum. JOIN 10,000+ INVESTORS-CLICK HERE TO SECURE A SPOT NOW Conclusion XRP, Bitcoin, and Ethereum continue to demonstrate significant potential in 2025, with some analysts suggesting they may still be undervalued. Emerging projects like MAGACOINFINANCE offer additional avenues for diversification. Investors should conduct thorough research and consider market dynamics when making decisions. Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: XRP, Bitcoin (BTC), and Ethereum May Still Be Undervalued in 2025 CoinDesk

Arthur Hayes Predicts Ethereum’s Dominance Over Solana in Upcoming Market Cycle

Arthur Hayes believes Ethereum offers a better risk-reward balance than Solana. Market shifts may lead investors to reconsider their portfolio allocations. Continue Reading: Arthur Hayes Predicts Ethereum’s Dominance Over Solana in Upcoming Market Cycle The post Arthur Hayes Predicts Ethereum’s Dominance Over Solana in Upcoming Market Cycle appeared first on COINTURK NEWS . CoinDesk