Ethereum Price After the Jobs Report: 165,000 New US Jobs Sharpen Fears of a Fed Hike

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: US payrolls grew by 165,000 in October, more than twice the forecast, and futures now put the odds of a Fed rate hike in December at around 80 percent. Ether sits at $2,236, its lowest level since August, as the 200-day line at $2,157 draws closer.Ethereum under rate pressure: after the US jobs report, the market is looking ahead to the Fed meeting in December.Add as a preferred source on GoogleFollow on Google NewsThe US labour market grew much faster than expected in October, and that is deepening fears in the crypto market of another rate hike by the Federal Reserve. Ethereum traded at around $2,236 on Friday afternoon, shortly after the data came out, according to CoinGecko. That is roughly €2,006 and 6.4 percent below the previous day's level. The figures brought no rebound. What is documented: the jobs report, the higher odds of a rate hike in futures markets, Ether's price and the outflows from the US spot ETFs, each with a source further down. Our own assessmen...