Nov 07, 2022
VOT Research Desk
The price of Ethereum (ETH) surged up by more than 7% on Friday following the US employment figures.
Traders saw the data favorably because it may indicate that the Fed is slowing down its relentless campaign of fiercely rising rates.
The realization that the Fed won’t stop just yet and would continue to move forward, exceeding the market’s initial target for the terminal rate, arrived instead over the weekend, prompting traders to take their profits.
