The crypto market saw a sharp sell-off as U.S. equities tumbled. As of now, $BTC is trading at $86,613 and $ETH at $2,832, with Bitcoin dominance at 58.97%.
The long-delayed September jobs report showed the U.S. added 119,000 jobs—well above expectations—while the unemployment rate rose to 4.4%, its highest since 2021. FedWatch now assigns roughly a 40% probability to a December rate cut, keeping hopes for near-term easing alive despite the Fed’s recent hawkish tone.
A few other headlines include: G NEXUS sold 10,922 ETH for share buybacks with 40,005 ETH remaining; Polymarket odds that Monad’s FDV will be under $3B at launch have slipped below 50%; and Kalshi has closed a $1B funding round at an $11B valuation, according to TechCrunch.
During the last 24 hours, the top three gainers were $FTN, $PI, and $AB, while the top three losers were $SOON, $MYX, and $TEL.
