Welcome to the US crypto news morning update – your essential overview of the key developments in crypto for today.
Grab a cup of coffee as the latest US labor market data gives mixed signals about jobs, wages, and unemployment. Traders weigh what this means for risky assets, from stocks to Bitcoin, as volatility sets the tone.
Crypto news of the day: job crash in October and modest growth in November point to an imbalanced market
The US Nonfarm Payrolls (NFP) report for October and November 2025 surprised the markets. This is one of the key economic data points this week. The report showed a cooling labor market, which could impact both stocks and crypto.
According to the US Bureau of Labor Statistics (BLS), there was a significant drop of 105,000 jobs in October, much lower than the expectation of -25,000. This indicates a strong slowdown in momentum in the labor market.
Analysts call this an outlier, pointing to disruption from delayed government data collection and seasonal adjustments.
November showed a growth of 64,000 jobs, slightly above the consensus of 50,000. However, the unemployment rate rose from 4.4% in October to 4.6% in November, higher than the expectation of 4.5%.
Although the increase in November provided some relief, it simultaneously highlights how volatile the situation on the US labor market currently is.
Fed and market effects for Bitcoin and risky assets
This data is likely to lead to a more dovish stance from the Federal Reserve. Powell has previously cited a weakening labor market as a reason to implement rate cuts, and today's figures show that the economy is far from overheating.
Traders may view the report as a sign that further easing in 2026 is possible, which could support risky assets like Bitcoin, if liquidity expectations hold up. Bitcoin was stuck around $90,000, and today's figures may cause short-term volatility.
A weak October, followed by a modest recovery in November, could lead to a recovery rally towards $95,000 if markets begin to factor in easing by the Fed.
On the other hand, the unexpectedly high unemployment rate may rekindle fears of a recession, causing volatile movements in the crypto market, stock market, and currency market.
“While markets often react with relief when uncertainty dissipates, this specific data dump is unique. The cooling trend could unleash an initial crypto rally on renewed hopes for substantial Fed rate cuts in 2026. But if the figures are too weak, the narrative could quickly shift from hope for liquidity to recession fears, which in the past has rapidly cooled risk appetite,” says Jimmy Xue, COO and co-founder of Axis, to BeInCrypto.
Market participants remain cautious. Since the October figures are an anomaly and the November data was collected late, statistical distortions and corrections may follow.
Algorithmic trading and limited liquidity can further amplify short-term volatility, making it essential to trade cautiously.
Now that the signals are mixed, traditional safe havens like gold may attract more interest, while the dollar is under pressure and risk sentiment remains fragile in tech-heavy sectors.
Chart of the day
Here is an overview of more US crypto news to follow today:
Why Scott Bessent is taking a hard stance against stock trading by Congress.
The last trade of 2025: what does Wall Street's rotation mean for crypto?
Grayscale predicts 10 key crypto investment themes for 2026 as the institutional era begins.
Trump hints at a pardon for Samourai Wallet — again after CZ and Ulbricht.
XRP ETFs have seen inflows after one month, while BTC and ETH funds lose $4.6 billion.
Gold approaches the all-time high again while Bitcoin reaches a historic low — is a rotation coming?
Markets are reassessing rate expectations as Miran questions the inflation narrative ahead of the November CPI figures.
JPMorgan’s Ethereum move hits a key chart moment — recovery or further decline?
Crypto stocks pre-market overview
CompanyClosingPrice December 15Overview pre-marketStrategy (MSTR)$162.08$165.23 (+1.94%)Coinbase (COIN)$250.42$253.61 (+1.27%)Galaxy Digital Holdings (GLXY)$24.54$24.59 (+0.20%)MARA Holdings (MARA)$10.70$10.82 (+1.12%)Riot Platforms (RIOT)$13.71$13.81 (+0.73%)Core Scientific (CORZ)$15.28$15.27 (-0.065%)
Crypto stock market opening: Google Finance
