TL;DR
- The U.S. labor market surprised in April by adding 177,000 jobs, far exceeding expectations.
- Bitcoin quickly reacted, reaching $97,000, reaffirming its growing connection to macroeconomic data.
- Despite Trump’s pressure, the Fed maintains its rates, while traditional markets and cryptocurrencies celebrate the resilience of the job market.
The April report released by the Bureau of Labor Statistics revealed that the U.S. added 177,000 jobs, surpassing the 135,000 expected by analysts. This data triggered an immediate rebound in the markets, pushing the Dow Jones to 41,199 points, the Nasdaq to 17,928, and the S&P 500 to 5,673. But the strongest impact was felt in the crypto ecosystem: Bitcoin jumped to $97,607.69 (+0.48%), Ethereum rose to $1,859.95 (+0.04%), and Dogecoin stood out with a +0.75% increase to $0.1832.
Cryptocurrencies Celebrate the Positive Labor Data
The job market showed strength in sectors such as healthcare, transportation, and financial activities, although the federal government cut jobs due to the Department of Government Efficiency’s (DOGE) measures. Meanwhile, the unemployment rate remained at a solid 4.2%. The crypto community views these data as a sign that, despite political and trade tensions, demand for alternative assets remains strong. XRP slightly retreated to $2.21 (−0.88%), BNB dropped to $599.89 (−0.51%), and Solana fell to $150.02 (−1.24%), reflecting the natural volatility of the market. Additionally, many analysts believe that these kinds of figures reinforce the resilience of cryptocurrencies in the face of economic uncertainty. There is growing consensus that digital assets are becoming more intertwined with traditional markets.
Trump Pressures, Fed Resists
President Donald Trump called on Jerome Powell, Chairman of the Federal Reserve, to lower interest rates, arguing that inflation is under control. However, Powell, in line with his recent remarks in Chicago, insists on keeping the rate between 4.25% and 4.5% for the time being, with the next decision scheduled for May 7. Amid this debate, Cardano rose to $0.7068 (+0.63%) and TRON barely retreated to $0.2468 (−0.23%), showing that cryptocurrencies are not only sensitive to interest rates but also driven by the perception of economic stability.
The outlook suggests that, far from fading, the pro-crypto narrative is strengthening: in a world where politics and traditional economics intertwine, cryptocurrencies emerge as an alternative thermometer of financial optimism.
