The US economy added 165,000 jobs in October, far exceeding the expected 65,000, and lowering unemployment to 4.1%. This strong labor market increased the likelihood of a Federal Reserve rate hike in December to around 80%, causing Ethereum's price to drop about 6.4% to around $2,236, its lowest since August. The rate hike prospect makes risk assets like cryptocurrencies less attractive due to higher borrowing costs and a stronger dollar. Investors are also seeing significant outflows from US spot Ether ETFs, adding downward pressure. The next Fed meeting on December 8-9 will be crucial for Ethereum's price direction.
Ethereum price movements amid strong US jobs data provide context for cryptocurrency market activity. For readers following crypto markets, here is Pluang's snapshot as of Nov 06, 2026 22:21 WIB: out of 50 major cryptocurrencies, 24 rose and 25 fell today. Notable movers include EOS up 8.13% to Rp12.649 with a typical hold time of 87 days, XRP down 5.99% to Rp21.420 with 66% sell order activity and a 73-day hold time, and Bitcoin Cash down 5.00% to Rp4.839.237 with 91% buy order activity and a 69-day hold time.
Kendal Nutricare Limited will be referred to government and state agencies after refusing to participate in a compliance inquiry by the BBB National Programs’ National Advertising Division. The inquiry followed a challenge by Abbott Laboratories rega...
The Mexico animal healthcare market is projected to grow from $2.13 billion in 2025 to $3.34 billion by 2031, at a CAGR of 7.84%. Growth is fueled by rising spending on companion animals, expanding livestock production, and innovations in veterinary ...
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BriaCell Therapeutics and its subsidiary BriaPro presented positive preclinical data at the SITC 2026 Annual Meeting, highlighting their immunotherapy platforms Bria-OTS+ and BP-80. Bria-OTS+ showed broad immune activation and sustained cancer cell k...
Canary Capital has launched the Canary Staked INJ ETF (INJC) on Nasdaq, providing investors exposure to INJ, the native token of the Injective blockchain. The ETF not only tracks INJ's price but also earns staking rewards from the network's proof-of-...
