{"id":55366,"date":"2025-07-04T03:07:21","date_gmt":"2025-07-04T03:07:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ether-gains-0-55-as-strong-us-jobs-data-lifts-sp-500-nasdaq-to-records\/"},"modified":"2025-07-04T03:07:21","modified_gmt":"2025-07-04T03:07:21","slug":"ether-gains-0-55-as-strong-us-jobs-data-lifts-sp-500-nasdaq-to-records","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ether-gains-0-55-as-strong-us-jobs-data-lifts-sp-500-nasdaq-to-records\/","title":{"rendered":"Ether gains 0.55% as strong US jobs data lifts S&#038;P 500, Nasdaq to records"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-eth-coin-with-chart-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-eth-coin-with-chart-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-eth-coin-with-chart-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/ethereum-eth-coin-with-chart-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ether (ETH) traded steadily around $2,584 (+0.55%) as risk assets rallied on strong US jobs data.<\/li>\n<li>US economy added 147,000 jobs in June (beating 110K forecast); S&amp;P 500 and Nasdaq hit new record highs.<\/li>\n<li>US Congress passed President Trump\u2019s $4.5 trillion \u2018Big Beautiful Bill\u2019 of tax cuts and spending reductions.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Ether (ETH) held firm above the $2,580 mark on July 3, as broader risk assets rallied in response to a surprisingly robust US labor market report. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The strong jobs data sent major US stock indices, including the S&amp;P 500 and Nasdaq Composite, surging to new all-time highs. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This positive market sentiment was further influenced by the US Congress passing President Donald Trump\u2019s sweeping tax and spending package.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The latest nonfarm payrolls report, published by the Bureau of Labor Statistics, revealed that the US economy added 147,000 jobs in June. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This figure comfortably surpassed economists\u2019 expectations of 110,000 and also exceeded the upwardly revised figure of 144,000 from May, according to a report from CNBC. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Adding to the picture of a resilient labor market, the unemployment rate fell to 4.1%, defying forecasts that had predicted a rise to 4.3%.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This strong economic data immediately boosted US equities, with the S&amp;P 500 closing at 6,279.35 and the Nasdaq Composite finishing at 20,601.10 \u2013 both indices gaining more than 0.8% on the day to reach fresh record highs. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Dow Jones Industrial Average also saw a significant gain, adding 344 points to settle at 44,828.53.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The positive risk-on sentiment appeared to provide a supportive backdrop for cryptocurrencies. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Ether was trading around $2,584.90, registering a 0.55% gain over the past 24 hours, according to CoinDesk Research\u2019s technical analysis model. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The broader crypto market, as measured by the CoinDesk 20 Index (CD20), was up a slight 0.08% during the same period. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Ether\u2019s resilience suggests that, for now, traders are encouraged by the broader market uplift, which has lifted crypto alongside equities.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, the very strength of the labor market report has complicated the outlook for US monetary policy. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">With the economy showing such vigor, it now seems highly unlikely that the Federal Reserve will consider lowering interest rates at its next meeting.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\"> Some traders are now even questioning whether there will be any rate cuts at all in the second half of this year.<\/span><\/p>\n<h3 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Trump\u2019s \u2018Big Beautiful Bill\u2019 clears Congress in major legislative win<\/span><\/h3>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">In a significant political development, the US Congress on Thursday passed President Donald Trump\u2019s sweeping USD 4.5 trillion \u2018Big Beautiful Bill\u2019 of tax cuts and spending reductions. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The Republican-led House of Representatives narrowly passed the bill by a vote of 218\u2013214, sending it to the President\u2019s desk for his signature.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This vote marks a major legislative victory for President Trump in his second term. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The bill secures funding for his administration\u2019s immigration crackdown, makes many of his 2017 tax cuts permanent, and delivers on new tax breaks he had pledged during his 2024 campaign. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The White House announced that President Trump will sign the bill into law on Friday at 5 pm.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">President Trump hailed the passage of the \u201cOne Big Beautiful Bill\u201d as a historic achievement. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cThe biggest bill of its kind ever signed \u2014 and it\u2019s going to make this country into a rocket ship. It\u2019s going to be really great,\u201d he said. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Praising the sweeping USD 3.4 trillion tax and spending package (the total package is cited as $4.5 trillion, with this component likely referring to a specific part), Trump added, \u201cI think when you go over the bill, it was very easy to get them to a \u2018Yes.\u2019 \u2026 Biggest tax cut in history, great for security, great on the southern border \u2026 we covered just about everything. Again, it\u2019s the biggest bill ever signed of its kind.\u201d<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The passage of this significant fiscal package, combined with the strong labor market data, creates a complex new landscape for investors to navigate as they assess the future trajectory of both the US economy and its financial markets.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/ether-gains-0-55-as-strong-us-jobs-data-lifts-sp-500-nasdaq-to-records\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ether (ETH) traded steadily around $2,584 (+0.55%) as risk assets rallied on strong US jobs data. US economy added 147,000 jobs in June (beating 110K forecast); S&amp;P 500 and Nasdaq hit new record highs. US Congress passed President Trump\u2019s $4.5 trillion [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":55367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55366"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=55366"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/55366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/55367"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=55366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=55366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=55366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}