• bitcoinBitcoin (BTC) $ 107,436.00
  • ethereumEthereum (ETH) $ 2,498.82
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.27
  • bnbBNB (BNB) $ 658.48
  • solanaSolana (SOL) $ 156.32
  • usd-coinUSDC (USDC) $ 0.999883
  • tronTRON (TRX) $ 0.279666
  • dogecoinDogecoin (DOGE) $ 0.166508
  • staked-etherLido Staked Ether (STETH) $ 2,497.04
  • cardanoCardano (ADA) $ 0.581672
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,528.00
  • hyperliquidHyperliquid (HYPE) $ 41.00
  • wrapped-stethWrapped stETH (WSTETH) $ 3,017.63
  • bitcoin-cashBitcoin Cash (BCH) $ 513.47
  • suiSui (SUI) $ 2.80
  • chainlinkChainlink (LINK) $ 13.51
  • leo-tokenLEO Token (LEO) $ 9.03
  • avalanche-2Avalanche (AVAX) $ 18.04
  • stellarStellar (XLM) $ 0.240186
  • the-open-networkToncoin (TON) $ 2.94
  • usdsUSDS (USDS) $ 0.999766
  • shiba-inuShiba Inu (SHIB) $ 0.000011
  • wethWETH (WETH) $ 2,500.04
  • litecoinLitecoin (LTC) $ 86.99
  • wrapped-eethWrapped eETH (WEETH) $ 2,678.89
  • hedera-hashgraphHedera (HBAR) $ 0.152170
  • whitebitWhiteBIT Coin (WBT) $ 44.45
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • moneroMonero (XMR) $ 319.86
  • bitget-tokenBitget Token (BGB) $ 4.55
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • polkadotPolkadot (DOT) $ 3.42
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,469.00
  • uniswapUniswap (UNI) $ 7.21
  • aaveAave (AAVE) $ 278.52
  • pepePepe (PEPE) $ 0.000010
  • pi-networkPi Network (PI) $ 0.510520
  • daiDai (DAI) $ 0.999941
  • aptosAptos (APT) $ 4.93
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • bittensorBittensor (TAO) $ 338.49
  • okbOKB (OKB) $ 49.89
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • jito-staked-solJito Staked SOL (JITOSOL) $ 189.69
  • nearNEAR Protocol (NEAR) $ 2.17
  • internet-computerInternet Computer (ICP) $ 4.97
  • ethereum-classicEthereum Classic (ETC) $ 16.67
  • crypto-com-chainCronos (CRO) $ 0.080889
  • ondo-financeOndo (ONDO) $ 0.777709
  • susdssUSDS (SUSDS) $ 1.06
  • usd1-wlfiUSD1 (USD1) $ 0.999344
  • kaspaKaspa (KAS) $ 0.076381
  • mantleMantle (MNT) $ 0.587605
  • tokenize-xchangeTokenize Xchange (TKX) $ 24.62
  • fasttokenFasttoken (FTN) $ 4.41
  • cosmosCosmos Hub (ATOM) $ 4.15
  • gatechain-tokenGate (GT) $ 15.28
  • vechainVeChain (VET) $ 0.021375
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.687602
  • official-trumpOfficial Trump (TRUMP) $ 8.89
  • skySky (SKY) $ 0.081670
  • arbitrumArbitrum (ARB) $ 0.347075
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.190793
  • render-tokenRender (RENDER) $ 3.24
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,406.00
  • ethenaEthena (ENA) $ 0.270644
  • algorandAlgorand (ALGO) $ 0.186725
  • sei-networkSei (SEI) $ 0.284975
  • filecoinFilecoin (FIL) $ 2.32
  • quant-networkQuant (QNT) $ 107.88
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.54
  • worldcoin-wldWorldcoin (WLD) $ 0.910888
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,498.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998911
  • usdtbUSDtb (USDTB) $ 0.999898
  • binance-staked-solBinance Staked SOL (BNSOL) $ 165.91
  • kucoin-sharesKuCoin (KCS) $ 11.16
  • jupiter-exchange-solanaJupiter (JUP) $ 0.463557
  • usdt0USDT0 (USDT0) $ 1.00
  • nexoNEXO (NEXO) $ 1.21
  • spx6900SPX6900 (SPX) $ 1.27
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,847.07
  • flare-networksFlare (FLR) $ 0.017311
  • fartcoinFartcoin (FARTCOIN) $ 1.16
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,617.76
  • bonkBonk (BONK) $ 0.000015
  • injective-protocolInjective (INJ) $ 10.97
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999958
  • sonic-3Sonic (S) $ 0.317453
  • blockstackStacks (STX) $ 0.659995
  • optimismOptimism (OP) $ 0.571945
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999727
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.52
  • celestiaCelestia (TIA) $ 1.40
  • xdce-crowd-saleXDC Network (XDC) $ 0.059045
  • paypal-usdPayPal USD (PYUSD) $ 0.999417
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,673.31
  • kaiaKaia (KAIA) $ 0.160645
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,624.88
  • pax-goldPAX Gold (PAXG) $ 3,311.43
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 107,343.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.014317
  • wbnbWrapped BNB (WBNB) $ 658.42
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 107,616.00
  • dogwifcoindogwifhat (WIF) $ 0.875368
  • story-2Story (IP) $ 2.97
  • the-graphThe Graph (GRT) $ 0.085355
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,630.33
  • immutable-xImmutable (IMX) $ 0.447745
  • clbtcclBTC (CLBTC) $ 107,945.00
  • tether-goldTether Gold (XAUT) $ 3,301.22
  • jito-governance-tokenJito (JTO) $ 2.31
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 174.97
  • vaultaVaulta (A) $ 0.495525
  • msolMarinade Staked SOL (MSOL) $ 204.02
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.35
  • flokiFLOKI (FLOKI) $ 0.000076
  • curve-dao-tokenCurve DAO (CRV) $ 0.530169
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,702.27
  • ousgOUSG (OUSG) $ 111.60
  • aerodrome-financeAerodrome Finance (AERO) $ 0.823359
  • theta-tokenTheta Network (THETA) $ 0.695454
  • lido-daoLido DAO (LDO) $ 0.750594
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997574
  • ronin-bridged-weth-roninRonin Bridged WETH (Ronin) (WETH) $ 2,500.23
  • galaGALA (GALA) $ 0.014365
  • jasmycoinJasmyCoin (JASMY) $ 0.013235
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • ethereum-name-serviceEthereum Name Service (ENS) $ 19.02
  • zcashZcash (ZEC) $ 38.78
  • wrapped-hypeWrapped HYPE (WHYPE) $ 40.99
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,076.00
  • iotaIOTA (IOTA) $ 0.160983
  • bittorrentBitTorrent (BTT) $ 0.00000062
  • pyth-networkPyth Network (PYTH) $ 0.104897
  • the-sandboxThe Sandbox (SAND) $ 0.243275
  • usual-usdUsual USD (USD0) $ 0.997843
  • syrupMaple Finance (SYRUP) $ 0.540780
  • saros-financeSaros (SAROS) $ 0.220135
  • raydiumRaydium (RAY) $ 2.14
  • pendlePendle (PENDLE) $ 3.50
  • tezosTezos (XTZ) $ 0.539442
  • newton-projectAB (AB) $ 0.008629
  • tbtctBTC (TBTC) $ 107,273.00
  • super-oethSuper OETH (SUPEROETH) $ 2,500.40
  • walrus-2Walrus (WAL) $ 0.409802
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,500.12
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,676.78
  • flowFlow (FLOW) $ 0.329440
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,621.43
  • bitcoin-svBitcoin SV (BSV) $ 26.28
  • coredaoorgCore (CORE) $ 0.519706
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 107,427.00
  • chain-2Onyxcoin (XCN) $ 0.014773
  • true-usdTrueUSD (TUSD) $ 0.998466
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,499.48
  • apecoinApeCoin (APE) $ 0.615830
  • staked-hypeStaked HYPE (STHYPE) $ 40.91
  • decentralandDecentraland (MANA) $ 0.253724
  • falcon-financeFalcon USD (USDF) $ 0.999761
  • thorchainTHORChain (RUNE) $ 1.35
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • movementMovement (MOVE) $ 0.171881
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999808
  • kavaKava (KAVA) $ 0.401772
  • apenftAPENFT (NFT) $ 0.00000044
  • based-brettBrett (BRETT) $ 0.043687
  • beldexBeldex (BDX) $ 0.060664
  • dexeDeXe (DEXE) $ 7.53
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.166482
  • usddUSDD (USDD) $ 0.999863
  • morphoMorpho (MORPHO) $ 1.36
  • heliumHelium (HNT) $ 2.29
  • compound-governance-tokenCompound (COMP) $ 44.81
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004109
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • mog-coinMog Coin (MOG) $ 0.000001
  • usdbUSDB (USDB) $ 0.998077
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006844
  • starknetStarknet (STRK) $ 0.118146
  • neoNEO (NEO) $ 5.50
  • dydx-chaindYdX (DYDX) $ 0.520410
  • venomVenom (VENOM) $ 0.185396
  • stader-ethxStader ETHx (ETHX) $ 2,658.83
  • elrond-erd-2MultiversX (EGLD) $ 13.59
  • kaitoKAITO (KAITO) $ 1.59
  • conflux-tokenConflux (CFX) $ 0.075322
  • telcoinTelcoin (TEL) $ 0.004116
  • axie-infinityAxie Infinity (AXS) $ 2.27
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,501.03
  • ether-fiEther.fi (ETHFI) $ 0.984252
  • ketKet (KET) $ 0.369073
  • ecasheCash (XEC) $ 0.000019
  • aioz-networkAIOZ Network (AIOZ) $ 0.309823
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.16
  • build-onBUILDon (B) $ 0.358527
  • eosEOS (EOS) $ 0.494335

US Adds 256,000 Jobs In December – Implications For Bitcoin?

0 26

US Adds 256,000 Jobs In December – Implications For Bitcoin?

Bitcoin (BTC) remains the center of investors’ attention and concern especially following the latest nonfarm payrolls data from the US Bureau Of Labor Statistics (BLS). While the general market sentiment remains bullish, recent developments in the US economy indicate that macroeconomic factors may be against the premier cryptocurrency in 2025.

Currently, Bitcoin trades above $94,000 following another turbulent price performance which produced a loss of 3.45% in the past seven days.

Fed’s Pivot To Rate Cuts Is Dead – Analysts

In an X post on December 10, market experts at global capital market analysis firm The Kobeissi Letter dissected the employment situation summary for December 2024. According to the BLS, nonfarm payrolls employment rose by 256,000 jobs in this month, indicating an additional 100,000 jobs to the widely predicted figures.

Following this report, The Kobeissi Letter analysts highlight that the US economy has gained an average of 165,000 jobs since July representing the highest 6-month average since July 2024.

US Adds 256,000 Jobs In December – Implications For Bitcoin?

Considering the US Federal Reserve began implementing interest rate cuts from September 2024 citing then a reduction in jobs growth and inflation, the analysts at The Kobeissi Letter stated the Apex Bank’s approach may have been misguided in light of the recent developments.

Therefore, the Fed is expected to halt interest rate cuts to battle an expected heightened inflation due to a strong jobs data, with the potential of even adopting rate hikes.

Generally, an absence of rate cuts or introduction of rate hikes is negative for Bitcoin as lower Interest rates afford investors the capacity to deal In risky assets such as cryptocurrencies. Following the Fed’s previous announcement of potential reduced rate cuts in 2025, Bitcoin experienced a flash crash of over 9% mid-December as investors moved to close their volatile positions in all financial markets.

Currently, The Kobeissi Letter forecasts that the Fed’s pivot to rate cuts is likely over, with a 44% probability that there will be no rate cuts through June 2025.

Bitcoin Price Overview

At the time of writing, Bitcoin trades at $94,028 reflecting a 0.22% gain in the past 24 hours. Meanwhile, the premier cryptocurrency is down by 3.72% and 6.35% in the past seven and thirty days respectively.

Despite the potential of reduced rate cuts in 2025, Bitcoin investors are likely to retain bullish sentiments due to other factors including historical price performance in a bull cycle, an expected pro-crypto US government and continuous institutional investments via the spot ETFs.

With a market cap of $1.84 trillion, Bitcoin continues to rank as the largest cryptocurrency and world’s eight largest asset.

US Adds 256,000 Jobs In December – Implications For Bitcoin?

Featured image from Investopedia, chart from Tradingview

Source

Leave A Reply

Your email address will not be published.