• Aspen Digital

US Non-farm Payrolls Rise By 315,000 in August; Bitcoin Drops Below $20K

Updated: Sep 6

Daily Market Wrap

  • Crypto market cap: 0.98 trillion, up 0.56%

  • BTC price stands at USD 19,857, up 0.26%

  • ETH price stands at USD 1,572, up 1.10%

  • Top gainer: Ravencoin (RVN), up 15.99%

  • Top loser: EOS (EOS), down 3.75%


News of the Day

US non-farm payrolls rise by 315,000 in August; Bitcoin drops below $20K

Why it matters:

  • According to Investing.com, in seasonally adjusted terms, non-farm payrolls grew by 315,000 in August, slightly more than the expected 300,000 added positions

  • Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report

  • Meanwhile, the unemployment rate ticked up to 3.7% from 3.5% in August. The movement upward was largely attributable to hundreds of thousands of people entering the labor force, economists say


Crypto Daily Spotlight

Cardano’s Vasil hark fork upgrade confirmed for Sept. 22

Brief introduction: Cardano is a public blockchain platform. It is open-source and decentralized, with a proof of stake consensus. The Cardano blockchain can be used to build smart contracts, and also to create decentralized applications and protocols.

Why it matters:

  • After much anticipation, the Cardano Foundation has finally announced the official Vasil hard fork date confirmed for the Sept. 22

  • The update contains four Cardano Improvement Proposals (CIPs), including CIP-31, CIP-32, CIP-33, and CIP-40, which are designed to increase Cardano’s scaling capabilities and reduce transaction costs

  • “We anticipate a seamless technical transition, with no disruption for its users or a break in block production.” Research and development company Input Output said


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