The crypto market reacts after U.S. February employment data shows a sharper decline than expected. The country lost 92,000 jobs, well above economists' projection of 59,000, and the unemployment rate rose to 4.4%. This is an important signal as it could open the door for the Federal Reserve to cut interest rates in 2026.

BTC briefly dropped to the level of $70 thousand when the news came out, but has now recovered to $73.94k. Market reactions indicate traders are still waiting to see how the Fed will respond to this weakening employment data. If interest rates are indeed cut, it could be a positive catalyst for risk-on assets like crypto.

Meanwhile, the stock market is also volatile. Nasdaq fell 1%, S&P 500 declined 0.8%, and the 10-year Treasury yield dropped 4 basis points. Interestingly, gold rose 1% and silver 2%, while WTI oil jumped 6.2%. This combination indicates uncertainty in the market about the economic trajectory ahead. Just wait for the Fed's decision at the March 18 meeting for clearer clarity.