I just looked at the U.S. employment data for February, and I’m a bit surprised. This month, there was a decrease of 92k jobs, and the U.S. unemployment rate also rose to 4.4%. Keep in mind, this has been relatively uncommon in recent months, as the trend has usually been net growth.

This could have some impact on the crypto market because macroeconomic data often influences the performance of risk assets. An increasing unemployment rate usually indicates that the economy might be slowing down, and market sentiment could adjust accordingly. We should keep an eye on upcoming economic data to see if this is a signal.

By the way, I saw this information from some industry media outlets. These media tend to maintain editorial independence and accuracy when reporting economic data, so the data itself should be reliable.