Employment data revision washes $60B from crypto market cap

The crypto market lost $60 billion in market capitalization during the two hours following revised employment data, revealing a significantly weaker US labor market than previously reported. The Bu...

By · · 1 min read
Employment data revision washes $60B from crypto market cap

Source: CryptoSlate

The crypto market lost $60 billion in market capitalization during the two hours following revised employment data, revealing a significantly weaker US labor market than previously reported. The Bureau of Labor Statistics (BLS) announced at 10 AM ET on Sept. 9 that preliminary benchmark revisions showed total nonfarm employment was overstated by 911,000 jobs, representing […]

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