Crypto Surge Following Strong U.S. Jobs Report

A slightly optimistic mood is evident in the crypto markets, despite global markets responding to the strong jobs data from the U.S. that was released on Wednesday. On Wednesday, U.S.-listed Bitcoin and Ethereum Spot ETF products experienced outflows, which constrained the gains in the digital assets market. On Wednesday, data indicating that payrolls saw an increase of 130 thousand jobs in January, a notable rise from the 48 thousand added in the prior month and surpassing market expectations of 70 thousand. The unemployment rate, initially anticipated to hold steady at 4.4 percent, has surprisingly dipped to 4.3 percent. Despite expectations, the U.S. Dollar did not manage to secure significant gains. The six-currency index is holding steady at 96.84. The index has experienced a decline of nearly 10.3 percent over the last year. The overall cryptocurrency market capitalization stands at $2.32 trillion, reflecting a 1.3 percent increase over the last 24 hours. The 24-hour trading volume has surged by 11 percent overnight, reaching a total of $109 billion.

Bitcoin, the largest cryptocurrency, has seen a 1.5 percent increase in the past 24 hours, now trading at $68,338.87. The present price sits approximately 46 percent beneath the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a decline of 1.6 percent over the past week, facing year-to-date losses nearing 22 percent. The trading activity over the past 24 hours fluctuated between $68,650.85 and $65,757.30. Bitcoin remains firmly in the 13th position in the global ranking of all assets according to market capitalization data. Bitcoin On Wednesday, Spot ETF products in the U.S. experienced net outflows totaling $276 million, contrasting with the net inflows of $167 million recorded on Tuesday. Fidelity Wise Origin Bitcoin Fund experienced significant outflows, totaling $93 million. Ethereum experienced a decline of 1.9 percent overnight, bringing its price down to $1,994.63. The prominent alternative cryptocurrency is currently trading at a staggering 60 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The trading activity over the past 24 hours fluctuated between $2,009.27 and $1,903.69. In the latest update, Ethereum has ascended to the 79th position in the global ranking of all assets based on market capitalization, according to sources.

On Wednesday, Ethereum Spot ETF products in the U.S. experienced net outflows totaling $129 million, a stark contrast to the net inflows of $14 million recorded on Tuesday. Fidelity Ethereum Fund experienced significant outflows, totaling $67 million. XRP, currently holding the 4th rank, saw an increase of nearly 2 percent overnight, bringing its trading price to $1.39. This figure remains approximately 64 percent lower than its all-time high of $3.84, which was reached on January 4, 2018. BNB, currently ranked 5th, surged by 3.4 percent overnight, bringing its price to $616.52. BNB is currently trading at a level that is 55 percent lower than its all-time high of $1,370.55, which was reached on October 13, 2025. The 7th ranked Solana saw a 0.37 percent increase overnight, bringing its price to $81.72. SOL is currently trading approximately 72 percent lower than its all-time high of $294.33, which was reached on January 19, 2025.

TRON, now positioned at 8th overall, experienced a 1.2 percent increase overnight and is currently trading at $0.2782. The current trading price sits at a notable 38 percent below the cryptocurrency’s all-time high of $0.4407, which was achieved on December 4, 2024. Dogecoin, holding the 9th rank, surged by 4.9 percent overnight and is now trading at $0.09415. DOGE is currently trading at a staggering 87 percent below its previous peak of $0.7376, which was reached on May 8, 2021. Bitcoin Cash, currently sitting at the 10th rank, experienced a slight overnight dip of 0.19 percent, bringing its trading price to $516.15. This figure reflects a staggering 88 percent decrease from its all-time high of $4,355.62, reached on December 20, 2017.