UPDATE: Crypto falls and dollar gains after revised US jobs data lifts rate hike odds
CIE News ·
Update to US economy added 165,000 jobs in October, CoinDesk reports
Based on reporting by CryptoRank; not yet independently confirmed.
Following October's jobs report, upward revisions to September payrolls lifted December Fed rate hike odds to around 77%, triggering crypto drops and a dollar surge.
Crypto markets pulled back and the U.S. Dollar Index climbed to 102.22 on November 6, 2026, following revised labor figures and the October jobs report. As previously reported, non-farm payrolls gained 165,000 against a 65,000 forecast, while the unemployment rate fell to 4.1%. In addition to the October figures, the U.S. Bureau of Labor Statistics revised September's payroll increase upward from 29,000 to 60,000.
Following the stronger employment readings, CME FedWatch pricing indicated the probability of a 25 basis point Federal Reserve interest rate increase in December rose to between 76.8% and 77%. The shifting rate outlook placed downward pressure on non-yielding assets, with Bitcoin (BTC) sliding to between $75,780 and $76,100 while Ethereum (ETH) dropped 6.4% to $2,236.
Key facts
- September revised to 60,000 jobs
- 76.8%–77% 25bps hike probability
- BTC fell to $75,780–$76,100
- ETH fell 6.4% to $2,236
Read the original at CryptoRank