• CoinGape Newsletter
  • Posts
  • Crypto Pulse Daily: Wall Street Expects Higher NFP, Crypto Market on Watch

Crypto Pulse Daily: Wall Street Expects Higher NFP, Crypto Market on Watch

Crypto Moves Faster. Stay Ahead With Bold Insights, Every Day.

21Shares, one of the world’s largest issuers of crypto exchange-traded products, has gained automatic approval for its XRP ETF as the issuer has filed 8-A with the U.S. Securities and Exchange Commission (SEC). The 21Shares XRP ETF will likely begin trading on Cboe BXZ Exchange under the ticker symbol “TOXR” next week.

Wall Street estimates Nonfarm payrolls in the United States to come in at 50K in September, up from 22K in August. Moreover, the US unemployment rate is projected to hold steady at 4.3%. Crypto market participants brace for volatility amid job growth and a significant drop in Fed rate cut odds in December.

Solana price has seen a 2% increase, reaching $142.27 in the last 24 hours, following a brief recovery. The price remains above the $140 level, showing signs of renewed strength. This wave comes as Solana rebounds sharply off a major support zone, and investors are optimistic that a bigger trend reversal will take place.

The token has been able to overcome the overall crypto market slowdown and is resilient. The Bitcoin price hovers around $91k, with the SOL price looking at more gains, with traders looking at the $200 mark 

Zcash price jumped 12% today after strong institutional accumulation met a tightening supply landscape. Cypherpunk Technologies acquired $18M worth of ZEC, and that purchase immediately sparked heavier demand across major venues. Meanwhile, nearly 30% of the entire supply now sits in shielded pools, and that shift reduces short-term liquidity.

 Additionally, ZEC price found quick support at every intraday dip, and buyers stepped in with clear confidence. Furthermore, reduced liquidity amplified the impact of new inflows, and price reacted with sharp strength. This combination strengthened sentiment throughout the session, and buyers controlled the direction from start to finish.