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US jobs growth beats expectations, wage growth slows, oil prices surge amid Iran tensions.

Market News
07 Sep 2026
Seeking Alpha
View Source
Neutral
US jobs growth beats expectations, wage growth slows, oil prices surge amid Iran tensions.

US equity markets were mostly flat as strong August job growth of 162,000 exceeded expectations, but wage growth slowed to its weakest since 2021, and unemployment remained steady at 4.1%. Treasury yields rose, with the 10-year yield hitting its highest weekly close since October 2023. Oil prices surged nearly 10% above $91 due to renewed tensions with Iran, keeping inflation and Fed rate hike concerns alive ahead of the September Fed meeting and upcoming CPI data. Real estate investment trusts (REITs) lagged amid rising rates, though dividend increases outpaced cuts this week.

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XRP futures boom cools as price consolidates near $1.40, signaling lower volatility ahead.

XRP futures boom cools as price consolidates near $1.40, signaling lower volatility ahead.

XRP saw a surge in futures trading volume in late August, with leveraged traders dominating spot traders. Open Interest has decreased to around $3 billion, and liquidations have compressed, indicating a consolidation phase with lower leverage. XRP is...

Technical Signals
Bullish
4 hours ago
Privacy coins surge 213% since Bitcoin's peak, outpacing all other crypto sectors.

Privacy coins surge 213% since Bitcoin's peak, outpacing all other crypto sectors.

Privacy coins have surged 213% since Bitcoin's peak on October 6, 2025, outperforming all other crypto sectors which remain below that level. Zcash leads the rally with a 2,496% gain over the past year, boosted by institutional interest and a new ETF...

Market News
Bullish
4 hours ago
Bitcoin price rejected at $80.5K, bulls defend $79K support amid mixed momentum.

Bitcoin price rejected at $80.5K, bulls defend $79K support amid mixed momentum.

Bitcoin's price fell from a high of $80,537 to trade between $79,013 and $80,537 on September 7, 2026, showing short-term weakness but maintaining a constructive daily uptrend. The key support level at $79,013 is critical for bulls to defend, while r...

Technical Signals
Neutral
4 hours ago
Man faces court over $230M Bitcoin theft in first-ever Bitcoin RICO case

Man faces court over $230M Bitcoin theft in first-ever Bitcoin RICO case

Malone Lam, 22, is set to appear in a Washington, D.C. federal court for a plea hearing in a case involving the theft of over 4,100 Bitcoin valued at $230 million. He allegedly led a criminal group that used social engineering to impersonate Google a...

Market News
Bearish
4 hours ago
XRP holds $1.40 as Senator Lummis warns Clarity Act delay could stall crypto laws until 2030

XRP holds $1.40 as Senator Lummis warns Clarity Act delay could stall crypto laws until 2030

Senator Cynthia Lummis warned that failure to pass the Clarity Act this term could delay meaningful cryptocurrency market legislation until 2030, impacting investment and regulatory clarity. Meanwhile, XRP maintains a stable price around $1.40 suppor...

Market News
Neutral
4 hours ago
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