Bitcoin stays steady and crypto stocks decline following a hotter than expected U.S. jobs report. Here's the week in markets.
The week in markets ended dramatically on Friday following the release of the U.S. January nonfarm payrolls, which grew by 517,000. This was more than twice the forecast estimate of 185,000. The positive jobs reportto the market that the Federal Reserve is likely to keep hiking interest rates to control inflation.
Speaking of the Federal Reserve, earlier in the week the Fed decided to hike interest rates by 25 basis points. This was the
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