The US Bureau of Labor Statistics (BLS) released the highly-anticipated Nonfarm Payrolls (NFP) report early on Friday.
Bitcoin price spikes in response to US Nonfarm Payrolls for October The economy added 150,000 jobs, 30,000 below the market participants’ expectations. The US Federal Reserve takes NFP data as input for its decision to hike interest rates or keep them higher for longer. The cooling job market is conducive to a shift in the Fed’s stance and traders’ fears of an interest rate hike are likely to be alleviated. Ripple price rally to $0.
70% gains over the past month. The altcoin has been in a consistent uptrend for the past three days. The US Federal Reserve’s interest rate decision failed to sway the bullish outlook of retail traders and XRP price continued posting gains. SUI TVL surpasses $82 million despite price decline SUI, a Layer 1 blockchain token noted a steep decline in its price following the token unlock event on November 3. Despite the price decline, the Total Value Locked in SUI climbed past $82.62 million.
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