Coinbase shares were trading near $167 ahead of the Federal Reserve’s policy meeting, with investors weighing fresh U.S. labor data. According to the U.S. Department of Labor, initial jobless claims fell to 194,000, coming in below market expectations. The data drew attention as markets positioned for the upcoming Federal Open Market Committee meeting.
In crypto, Bitcoin was trading near $81,100, while Ether changed hands around $2,376. XRP was quoted at about $1.31. The price action in Coinbase stock and major digital assets came as market participants tracked macro data and waited for the Fed’s next policy signal. The item was cited by CoinGape and carried by Techub News.
Coinbase (COIN) was hovering near $167 ahead of the Federal Reserve’s policy meeting, as investors assessed strong U.S. employment data, according to Techub News.
The U.S. Department of Labor reported that initial jobless claims fell to 194,000, below market expectations.
At the same time, Bitcoin was trading near $81,100, Ether was hovering around $2,376, and XRP was changing hands at about $1.31.
The item cited CoinGape.
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