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Crypto markets react to strong US jobs data and Fed rate cut odds, with Robinhood Chain and Zcash surging.

Market News
07 Sep 2026, 19:51 WIB
Tokenpost
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Neutral
Crypto markets react to strong US jobs data and Fed rate cut odds, with Robinhood Chain and Zcash surging.

Crypto markets are adjusting to a stronger-than-expected US labor report showing 162,000 new jobs in August and steady unemployment at 4.1%. This boosted expectations that the Federal Reserve might cut interest rates in mid-September, causing market volatility. Robinhood Chain outperformed Ethereum in decentralized exchange volume, while privacy coin Zcash surged over 43% amid growing institutional interest following a new Zcash ETF launch. Investors are split between short-term trades on macro signals and longer-term institutional accumulation, preparing for upcoming inflation data and Fed decisions.

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