US Employment Report: Loss of 23,000 Jobs and Unemployment Rate Drops to 4.1%
The US non-farm payroll report revealed that 23,000 job opportunities were lost last month, and the unemployment rate decreased to 4.1%. This weak data has increased the likelihood of no change in interest rates in September. In the geopolitical arena, tensions and fears of an economic recession have led investors to flock to safe assets, pushing gold prices close to $4,400 and silver above $65. The cryptocurrency market also reacted to the NFP data, with Bitcoin (BTC) struggling to remain in the $64,000 range after significant fluctuations. Analysts are paying attention to the quiet accumulation of Uniswap (UNI) and a 15% increase in Cardano (ADA) transaction volumes. In an interesting incident, an anonymous user accidentally paid $2.5 million in fees to Ethereum miners due to a typographical error.
-- Price
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