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U.S. Added 227K Jobs in November, Topping Estimates for 200K
Friday morning's jobs report is one of the last pieces of key economic data the Fed will see prior to its mid-December interest-rate decision.
What to know:
- U.S. added 227K jobs in November, more than the estimated 200K.
- Unemployment rate increases to 4.2%.
- Bitcoin rose slightly on the news to over $98,500.
The U.S. employment picture rebounded in November after weak data in October that was probably affected by hurricanes in the southeast.
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Nonfarm payrolls rose by 227,000 last month, according to the Bureau of Labor Statistics. Economist forecasts had been for a gain of 200,000 jobs. October's originally reported 12,000 job gain was revised higher to 36,000.
November's unemployment rate was 4.2% against estimates for 4.2% and October's 4.1%.
The price of bitcoin rose to $98,445 in the minutes following the data.
Friday morning's jobs numbers are among the last pieces of key economic data the Federal Reserve will see before its Dec. 17-18 meeting. As recently as one month ago, market participants were nearly certain the U.S. central bank would continue to trim its benchmark fed funds interest rate range at that meeting, but strong economic numbers, continuing perky inflation signals, and cautious talk from Fed members have led to a modest reassessment of that thinking.
According to CME FedWatch, traders prior to this jobs print had priced in a 70% chance of a 25 basis point December rate cut, down from 80% one month ago. After the U.S. jobs report, a 25 basis point rate cut is now priced at 88%.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Wat u moet weten:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Crypto Markets Today: Bitcoin climbs to highest level in four weeks as altcoins lag
Bitcoin briefly topped $93,000, driving a risk-on tone across markets, but uneven altcoin performance suggest traders remain wary of a near-term pullback.
Wat u moet weten:
- BTC rose as high as $93,350 around the time of CME futures trading opened, creating a gap between $90,500 and $91,550.
- While tokens like LIT and FET outperformed, meme and metaverse tokens fell, underscoring weak liquidity and trader indecision.
- The average crypto RSI near 58 points to stretched conditions, raising the risk of a short-term correction as profits are taken.
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