Cardano's ADA, DOGE Slide 4% as Bitcoin Traders Await Payrolls

Quick Summary:

Strong job growth can lead to fears of inflation and increased interest rates, while weak data might signal an economic slowdown.

Positive payrolls might bolster bitcoin — and the broader crypto market — if it spurs a risk-on market mood and vice-versa.

Bitcoin (BTC) traded just over $97,300 in European morning hours Friday, down 1.7% in the past 24 hours.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCanadaChinaCubaMexicoSingapore

Topics: Bitcoin Rates Traders Data Coindesk Tokens Market Hours Might Interest Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 12:02:31 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 361 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25960715

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About CoinDesk

Main Topics: Crypto

Official Website: coindesk.com

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Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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