Markets Bounce Back as April Jobs Data Exceeds Forecasts
By: crypto economy|2025/05/03 01:00:13
0
Share
TL;DRThe 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 DataThe 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 ResistsPresident 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.
You may also like
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
I never expected that the first application of AI x Crypto would be in security auditing
AI has accelerated attack efficiency and also promoted the upgrade of defense systems. The security audit sector is undergoing a transition from a dividend model to a competitive model.
What is your view on Binance's competitive advantages?
When the dividends of rule arbitrage gradually approach zero, can we produce product strength, governance capability, and trust that are commensurate with its scale?
ETH has entered a non-consensus phase, and the turning point is approaching!
This has nothing to do with the Ethereum Foundation or Ethlabs; Ethereum needs to win by solving real problems.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
The living space is constantly being compressed.
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
Bitcoin vs. gold in 2026: Why are both assets falling, and what does their changing correlation mean? Discover what drives Bitcoin and gold prices and how traders can navigate different market conditions.
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
Overview of Important Market Events on June 24
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
The awareness level of the audience in the cryptocurrency industry—including media, institutions, and retail investors—is steadily increasing, and this trend has become a foregone conclusion.
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
The Ethereum Foundation has announced a new five-layer working framework, clarifying the focus of future development and reaffirming its commitment to decentralized core values amidst the wave of institutionalization.
Former SpaceX engineer reconstructs the financial execution system using first principles
Plan Execution Lab completes angel round financing for Singapore family office, with a valuation of 50 million USD.
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
The throne of DeFi lending still exists, but the foundation beneath the throne needs to undergo a reconstruction or reinforcement.
The large models in the United States are moving towards closure in the name of security
The government successfully inserted itself as an approver between commercial AI models and their users for the first time.
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Overview of Important Market Events on June 25
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.
Why do cryptocurrency projects always like to change their names?
In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...
Who is footing the bill for the $64 billion accounting frenzy?
Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
