by Tiffany Wang, WOO X Analyst
The latest US Non-Farm Payroll report delivered positive news for both the Federal Reserve and the markets. It revealed the creation of 223,000 private sector jobs and a modest 0.1% month-on-month wage growth. However, there were downward revisions to initially strong January figures.
The only area of concern is the rise in the U6 underemployment rates. This metric provides a broader measure of unemployment, encompassing not only the unemployed but also those who are working part-time for economic reasons and those marginally attached to the labor force.
Crypto and blockchain events this week
From WOO X Research
Given the market's current uptrend, it's critical to be prepared for potential sudden drops when Bitcoin approaches these peak levels. Standout coins, notably those in the AI, GameFi, and meme categories, have seen substantial gains. As Bitcoin is poised to push through this ceiling, it's expected to continue pulling capital from the broader market. During key phases like Bitcoin breakthroughs and post-breakthrough recalibrations, portfolio readjustments may be worth considering.
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