Why Ethereum Is Moving Higher Today
Ethereum (CRYPTO: ETH) is rising, up 3.4% in the last 24 hours as of 6:10 p.m. on Tuesday. The move comes as the S 500 and the Nasdaq Composite gained 0.9% and 1.3%, respectively.
Crypto traders got some relief today as Ethereum and most of the market turned green, providing a break in the weeks-long sell-off. Yesterday's job numbers from the Federal Reserve Bank of Cleveland sparked raised hopes that another rate cut could be in store.
The Worker Adjustment and Retraining Notification Act (WARN) requires that, in the event of mass layoffs or plant closings, workers be given 60 days' notice of their termination. Since 2006, WARN notices have been tracked, providing at least a partial view of the U.S. job market.
Source Fool.com
