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According to Coindesk BTC data, it has been traded for approximately $ 113,648, which has fallen by 1.4%in the last 24 hours. ETH, XRP, SOL and DOGE have published steeper drop, with ETH by 3.7% to $ 3,503, XRP from 1.5% to $ 2.94, Sol by 2.7% to $ 164.13 and Doga dropped by 3.7% to $ 0.199. The decline was monitored on Friday by a number of economic and geopolitical shocks that rattled by investors on markets with their own assets and digital asset.
US stocks also closed sharply on Friday, with Dow down by 1.23%, S&P 500 from 1.6%, and NASDAQ composite decreased by 2.24%when traders spent disappointed work, increased tension with Russia and emergency mitigation.
Report from July work was a disaster – and surprise
Office for Statistics of USA USA (BLS) reported On Friday, that the US economy added only 73,000 jobs in July – significantly below expectations. However, the revision of 258,000 jobs in the combined May and June sum, which effectively erased most of the profits on the labor market, previously reported in the second quarter, was a more worrying thing.
The unemployment rate remained 4.2%, but long -term unemployment increased by 179,000 to 1.8 million. The number of new participants in the labor market jumped by 275,000, suggesting that more Americans are looking for a job but trying to find it. Participation in the workforce was maintained at 62.2%, while the employment ratio to the population has torn year -on -year.
Although the growth of jobs continued in health and social assistance, employment in most of the main industries – including production, construction, financial services and technologies – has not changed. The markets interpreted data as a clear signal that the labor market weakens faster than expected.
Trump is accused by Commissioner BLS of election interference, the boss of the order fired
President Trump quickly and publicly responded to a work report and published fear message The Social Truth, which was accused by the Commissioner of Labor Statistics Erika Mcentarfer-Biden-manipulation with work data in the preparation for elections by 2024.
“It is the same office statistics that overestimated job growth in March 2024 by approximately 818,000 and then again just before the presidential elections 2024,” Trump wrote. “Was these records – no one can be that bad?”
He added, “I ordered my team to immediately fire this political denominator Biden.”
He earned investors who perceived rhetoric as a politicization of American statistical institutions. The removal of the federal official responsible for economic data on the basis of claims for distortion related to the elections added Friday’s volatility, especially for assets sensitive to rate and risks such as crypto.
Trump’s nuclear submarine escalates the tension of Russia
Later on Friday Trump took the Social truth again, this time revealing that he ordered two American nuclear submarines to move in response to recent remarks Dmitry Medvedev, former Russian president and current deputy chairman of the Russian Security Council.
“Based on the highly provocative statements of former Russia’s president … I ordered that two nuclear submarines be placed in the relevant regions,” Trump wrote. “I hope it will not be one of those cases” where words will lead to “unintended consequences”.
Unexpected message – delivered without prior briefing or Pentagon confirmation – caused concerns that diplomatic voltages with Moscow entered the new phase.
Some considered Trump’s language to be deliberately posture rather than a real military threat focused on pressure on Russian President Vladimir Putin to consider the ceasefire in Ukraine. However, although the statement was not intended as a signal of immediate action, this has still made the possibility of nuclear confrontation in the US-Russian-and is unlikely to make it more realistic. Traders – are already winding from a report on jobs on Friday morning – reacting by ejecting risky assets in favor of safer bets such as cash registers and cash.
Expectations of reducing blood rates are growing – but also worried about recession
Friday’s work gifts have led traders to a dramatic increase in bets to reduce rates at the September meeting of the Federal Reserve System, and many now expect a reduction of 50 basic points. However, the prospect of easier monetary policy assured the markets.
This is because rates cuts are no longer considered to be a preventive step towards increasing growth – they are now considered to be a reaction to economic weakness that can already develop. In this context, cash release can be interpreted as a confirmation of deteriorating conditions than under the bull catalyst.
For crypto markets that often reflect the sentiment of the technological sector, the shift in the narrative was heavily weighed. Despite the potential for lower real yields, the fear of the impending recession overshadowed any short -term optimism. Result: Extensive sales across the space of digital assets and restored caution from key macro events at the end of this month.
