Key takeaways
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The U.S. added 22,000 jobs in August, much below the expected figure of 75,000.
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The unemployment rate stood at 4.3%.
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No cryptocurrencies showed any dramatic movement.
The August jobs report has just come out, and it turns out the U.S. economy added 22,000 jobs last month, below the expected 75,000 new jobs.
The unemployment rate rose to 4.3%, as per expectations.
The crypto market remained rather flat in response to the disappointing jobs data. The total market cap stood at $3.89 trillion at press time.
Bitcoin was trading at $113,166,.66 Ethereum at $4,468.41, and XRP at $2.87.
Related: What is Crypto? Cryptocurrency explained
Crypto analyst expects rate cut in September
Fefe Demeny, a popular crypto analyst, said if unemployment comes in above 4.3%, an interest rate cut of 50 basis points is expected at the September meet, and a minimum of three rate cuts this year is guaranteed.
If the Federal Reserve indeed initiates a rate cut at the next Federal Open Market Committee (FOMC) meeting during Sep. 16-17, an inflow of funds into the crypto market is expected.
More News:
Traders on the crypto-based prediction market Polymarket think there is a 91% chance of the Fed going for a cut of 25 bps.
President Donald Trump, popular for his pro-crypto policy, has repeatedly warned Fed Chair Jerome Powell to slash rates, but the latter hasn't given in to political pressure and stressed that any decision on interest rates will be guided by data on inflation and employment.
This story was originally reported by TheStreet on Sep 5, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
