The U.S. stock market is staying shut today due to the Good Friday holiday. However, the crypto market never sleeps, unlike Wall Street.
Bitcoin (BTC) was trading at $66,849.74 at the time of writing, up 1% in 24 hours. Ethereum (ETH) was up 1.4%, trading at $2,058.39. XRP was trading 2.3% higher at $1.32.
BNB was also up 1.5% over the last 24 hours, trading at $586.01. Solana (SOL) was trading at $79.82, up 2.1%.
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On Apr. 2, the U.S. spot exchange-traded funds (ETFs) linked to Bitcoin pulled in a modest $8.99 million, after a net outflow of $173.73 million on Apr. 1.
But spot Ether ETFs witnessed two consecutive days of net outflows, $71.17 million on Apr. 2 and $7.10 million on Apr. 1.
Spot XRP ETFs performed similarly to BTC ETFs, pulling in a meagre $64,610 on Apr. 2 after a net outflow of $1.32 million on Apr. 1.
The Bureau of Labor Statistics released the March report on nonfarm payrolls on Apr. 3.
The last month saw a gain of 178,000 jobs, with the unemployment rate of 4.3%.
The figures beat the estimated gains of 60,000 jobs and the unemployment rate of 4.4%.
Fabian Dori, chief investment officer at the digital asset bank Sygnum, told TheStreet Roundtable in emailed comments that the report could prove a key stress test for Bitcoin and broader risk assets.
Since the report comes out on the Good Friday holiday, its price impact will be delegated to on-chain markets such as Hyperliquid, or be deferred in traditional markets until Sunday night futures and Monday’s open.
It means the traditional markets will have to digest both the jobs report and war jitters over the weekend.
Dori highlighted that the consensus expectation of a rebound toward 60,000 jobs in March rests primarily on the resolution of the healthcare strikes that led to a loss of 92,000 jobs in February (revised figure: a loss of 133,000 jobs).
If the March jobs report meets the expectations, it would remove one tail risk but doesn’t change the underlying picture, he added.
