U.S. January payrolls beat expectations, lifting Wall Street at the open and tempering near-term rate-cut hopes. The solid employment data underscored the economy’s underlying strength, reinforcing risk appetite despite cautious policy expectations. In the crypto market, Bitcoin and Ethereum registered a short-term rebound as traders rotated back toward risk assets, while the overall digital-asset market cap hovered around $2.32 trillion, down 1.13% over the past 24 hours.
Bitcoin traded around $68,066 after dipping to about $66,000 ahead of the data, with 24-hour price change around -1.75% and a roughly 1.64% gain in the last hour. Ethereum stood near $1,991, down about 1.94% over 24 hours but up about 2.32% in the last hour. Most top alts extended declines on the day, including XRP (-1.65%), BNB (-2.99%), SOL (-2.75%), TRX (-0.80%), DOGE (-2.30%), ADA (-2.06%), LEO (-2.35%), and HYPE (-2.37%).
Following the initial move, intraday sentiment improved: XRP up 1.82%, BNB up 2.16%, SOL 1.22%, TRX 0.51%, DOGE 1.23%, BCH 0.61%, ADA 1.84%, LEO 0.31%, and HYPE 0.33%. Bitcoin dominance stood at 58.6% and Ethereum dominance at 10.3%, indicating continued leadership by BTC with a shrinking share of the overall market. Over the last 24 hours, total liquidations reached $350.74 million, with longs accounting for $237.14 million and shorts $113.61 million.
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