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U.S. Adds 253K Jobs in April, Topping Expectations for 180K; Bitcoin Falls

The unemployment rate fell to 3.4% versus forecasts for a slight rise to 3.6%.

작성자 Stephen Alpher
업데이트됨 2024년 3월 8일 오후 4:55 게시됨 2023년 5월 5일 오후 12:37 AI 번역
(Unsplash)
(Unsplash)

The U.S. added 253,000 jobs in April, up from a downwardly revised 165,000 in March and ahead of economist forecasts for 180,000, according to a report from the Bureau of Labor Statistics (BLS).

The unemployment rate was 3.4%, down from 3.5% in March and against expectations for 3.6%.

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The price of fell about 1% to $28,900 in the minutes following the news.

Though slowing modestly in recent months, the employment picture has remained strong, giving the U.S. Federal Reserve reason to continue to hike interest rates to try and bring inflation down to its 2% target. At its meeting earlier this week, the Fed raised the benchmark fed funds for a 10th consecutive time – bringing the targeted range to 5.0%-5.25% – but signaled it might pause rate hikes.

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While Friday morning's headline jobs number is a strong one, downward revisions to February (to 248,000 from 326,000) and March (to 165,000 from 236,000) knocked a total of 149,000 in gains from those two reports. The average job gain over the past three months is 222,000.

Checking other details from the April report shows average hourly earnings ahead 0.5% for the month, up from 0.3% in March and higher than 0.3% forecast. On a year-over-year basis, average hourly earnings were up 4.4% in April versus 4.3% in March and against expectations for 4.2%.

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CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

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Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.

  • Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
  • Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions. 
  • Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.

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