Ethereum Slides Under $2,700 as Jobs Data Dampens Rate-Cut Hopes

Published at 2025-11-21 13:15:15

Ethereum slipped under $2,700 Friday following a US jobs report that reduced expectations for an imminent interest-rate cut, contributing to a sharp market-wide pullback. The broader crypto market registered about a 10% decline over the past 24 hours and roughly 15% for the week, putting renewed pressure on Ether and other large-cap tokens.

The move highlights crypto’s sensitivity to macroeconomic signals: firmer labor data tends to bolster yields and weigh on risk assets. Traders and investors will be watching upcoming Fed remarks and economic releases for direction; without clearer signs of policy easing, volatility could persist and recent support levels for ETH may be tested further.

Share on:

Related news

BlackRock Sells $135M in Ethereum Despite 24‑Hour Market Rebound

BlackRock has offloaded roughly $135 million worth of Ethereum even as the broader crypto market posted a sharp rebound over the past 24 hours. The move underscores continued institutional selling pressure amid a tentative rally.

Revolut Adds Solana Support, Unlocking Access for 65M Users

Revolut has added full Solana network support, enabling SOL transfers and withdrawals for its roughly 65 million users after previously allowing only in-app trading.

Published at 2025-12-03 18:45:13
Polymarket Relaunches in U.S. After CFTC Approval

Polymarket announced its U.S. return after the Commodity Futures Trading Commission approved it to operate as an exchange, marking a major regulatory milestone for prediction markets. The relaunch comes amid rising user interest and participation in event-based trading.

Published at 2025-12-03 17:15:09
Dogecoin Activity Surges 10,187%, Ending Five-Day Slide

Dogecoin activity jumped 10,187%, snapping a five-day losing streak and producing a sharp rebound in Tuesday’s session. The move signals renewed retail interest and heightened volatility for the memecoin.

Published at 2025-12-03 15:30:31
Chainlink (LINK) Soars Past XRP After Sharp Rally

Chainlink’s native token LINK jumped sharply on Wednesday, delivering strong intraday gains that outpaced XRP. Traders pointed to renewed demand for oracle services and DeFi integrations as possible drivers.

Published at 2025-12-03 14:45:28