According to Blockworks, the United States added 303,000 new jobs in March, far exceeding the expected 212,000, according to a report released by the Bureau of Labor Statistics on Friday. February's employment data also exceeded expectations, with the Bureau of Labor Statistics reporting that the economy added 275,000 jobs, while economists expected only 198,000. The unemployment rate fell to 3.8% in March, slightly lower than the 3.9% expected by economists. Following the release of this news, Bitcoin and Ethereum fell 1% and 3% respectively in New York trading on Friday morning. Bitcoin (BTC) is priced at around $66,200 at the time of publication, and Ethereum (ETH) is priced at $3,250. Despite the data from the employment report that exceeded expectations, stocks are still slowly rising in early trading on Friday. Dow Jones and Nasdaq futures rose 0.2% and 0.4% respectively, and S&P 500 futures rose 0.3%. Strong economic data may cause central bankers to pause their plans to cut interest rates.
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