Chris Ratcliffe/Bloomberg via Getty Images
The crypto market fell with stocks after the highly anticipated jobs report showed the labor market is still tight and could keep the Federal Reserve on course to raise rates aggressively.
The price of bitcoin fell 3.3% to $19,380.74, according to Coin Metrics. Ether fell 2.7% to $1,322.40.
On Friday the Labor Department reported that the U.S. economy added 263,000 jobs in September, compared with the Dow Jones estimate of 275,000, and that the unemployment rate fell to 3.5% from 3.7% in the previous month.
Bitcoin on Friday
WATCHLIST+
Chart
Line chart with 422 data points.
The chart has 1 X axis displaying Time. Range: 2022-10-07 07:00:00 to 2022-10-07 14:01:00.
The chart has 1 Y axis displaying values. Range: 19200 to 20200.
Created with Highcharts 9.0.17:00 am8:00 am9:00 am10:00 am11:00 am12:00 pm1:00 pm2:00 pm2:00…19 20019 40019 60019 80020 00020 200cnbc.com
End of interactive chart.
“The jobs report points to no change of tune on the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...