Happy Saturday! Here’s your crypto news round-up : • U | Bitcoin & Crypto Trading

Happy Saturday! Here’s your crypto news round-up :

• U.S. Job Market Strong: February saw 275,000 new jobs, surpassing the 200,000 expected. The unemployment rate rose slightly to 3.9%.
• Bitcoin’s Volatility: After the jobs report, Bitcoin (BTC) price rose to $67,650, briefly jumped to $70,000, and then dipped again. The current price is $68,644.26.
• Fed Rate Expectations: Markets anticipated rate cuts due to economic slowdown and inflation, but resilient economy and high inflation pushed expectations of Fed easing from March to June or later.
• Bitcoin’s Record High: Bitcoin hit a new record in 2024, driven by strong demand from spot ETFs, overshadowing concerns about the economy and interest rates.
• Ether’s Milestone: Ether (ETH) reached $4,000 for the first time in over two years, outperforming Bitcoin with a 67% increase over the past 30 days. UPDATE: ETH is now ~ $3,944.73
• Spot ETF Speculation: Rising speculation of a spot ether ETF approval in the U.S., with a decision expected in May.
• Ethereum’s Dencun Upgrade: Scheduled for March 13, the upgrade is anticipated to lower fees for layer-2 network users.
• Crypto Market Gainers: Shiba Inu (SHIB) leads the CoinDesk 20 with a 106% increase, followed by Bitcoin Cash (BCH) and Ethereum Classic (ETC) with significant gains.
• Pepecoin’s Surge: Pepecoin (PEPE) continues its rise, now up six-fold over the past month.

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