U.S. March jobs smash expectations, with 178,000 added
Bitcoin continued to trade near the $67,000 level just following the strong report.
The unemployment rate fell to 4.3% versus 4.4% in February and expectations for 4.4%.
At least part of the beat was due to a sizable downward revision in the February data from an originally reported decline of 92,000.
Trading quietly near the $67,000 level in the hours ahead of the data, bitcoin remained there in the minutes just following the report.
Expectations about the future course of interest rates, of late, have been far more influenced by events in the Middle East and the price of crude oil than by the outlook for domestic economic growth.
As recently as last week, oil’s surging price had markets forecasting imminent rate hikes by the U.S. Federal Reserve. Speaking earlier this week, though, Fed Chairman Jerome Powell said the central bank recognized that oil price shocks — while initially making headline inflation numbers look worse — can depress economic activity. He indicated the Fed would be in no hurry to raise rates in response to short-term moves in the price of crude.
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As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve.
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The foundation deposited the bulk of its planned staking commitment in a single session, completing a program announced in February to turn dormant treasury holdings into a yield-generating position.
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