Crypto Market Poised for Surge as US Non-Farm Job Growth Surpasses Forecasts

Crypto Market Poised for Surge as US Non-Farm Job Growth Surpasses Forecasts



On February 2, the worldwide cryptocurrency market cap surged past the significant $1.6 trillion threshold, following the release of the latest non-farm payroll data which raised questions about the accuracy of recent remarks made by Jerome Powell, the Chair of the U.S. Federal Reserve.



The employment statistics from the newly published non-farm payroll report hint at a potential upward momentum in cryptocurrency values, suggesting that investors might be gearing up for favorable market movements.



Powell's remarks led to a dramatic $90 billion downturn in crypto valuesJust a day earlier, on February 1, the global cryptocurrency market cap experienced a downturn, approaching the $1.5 trillion mark. This decline occurred shortly after Powell's controversial declarations hinting at delaying interest rate cuts beyond the expected


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#Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations

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