India, Feb. 7 -- Sentiment in the cryptocurrency market remains grim ahead of the release of the monthly jobs data from the U.S.
The U.S. Bureau of Labor Statistics is expected to reveal on Friday morning, an addition of 170 thousand to non-farm payrolls in the month of January, a decline from the 256 thousand recorded in the previous month. The unemployment rate is expected to remain steady at 4.1 percent. The average hourly earnings on a month-on-month basis are expected to be steady at 0.3 percent. On a year-on-year basis, the average hourly earnings are seen declining to 3.8 percent from the previous month's reading of 3.9 percent.
The Federal Open Markets Committee which is tasked with achieving maximum employment and inflation at th...