🚨🚨Alert! Alert! Alert!🚨🚨
🛑 Cryptocurrencies Rally Amid Unexpected U.S. Unemployment Rate Rise🛑
According to U.Today, major cryptocurrencies, including Bitcoin (BTC), Dogecoin ($DOGE ), $XRP , and Cardano ($ADA ), are experiencing a surge in value. This increase comes after the latest U.S. jobs report revealed an unexpected rise in the unemployment rate, with non-farm payrolls increasing by 206,000.Policymakers are focused on inflation before considering interest rate cuts. However, a weakening labor market might prompt quicker action. Following the jobs report, traders raised their bets on a September rate decrease, with the odds of a quarter-point cut jumping to 75% from 64% last week.Bitcoin dropped to $53,500 on Friday after the Fed’s June meeting minutes suggested no imminent rate cuts. Fed Chairman Jerome Powell emphasized the need for inflation to return to the 2% target before easing monetary policy. New inflation data is anticipated next week.At the time of writing, Bitcoin had risen 1.96% in the last 24 hours to $56,697. Dogecoin rallied 9.60% in the last 24 hours to $0.1094. XRP increased by 5% to $0.435, while Cardano's ADA rose 2.29% to $0.356.
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