Best Crypto to Buy Now 4 April – SXP, SHIB, MASK

cryptonews.com:

The specter of a recession looms large as recent job openings and factory orders data fall short of expectations, casting a shadow over financial markets and opening up the possibility for a pause on further interest rate increases by the Fed.

How will these macroeconomic indicators impact the best cryptos to buy now?

The latest job data reveals a concerning trend, with job postings dropping to 9.931 million at the end of February, according to the Job Openings and Labor Turnover Survey (JOLTS) report.

This figure is the lowest in nearly two years and falls short of the anticipated 10.4 million.

Despite this, the number of job postings remains substantially higher than the 5 to 6 million individuals actively seeking employment.

However, this decline in job postings serves as the most tangible evidence thus far of a weakening labor market in the US.

In response to these developments, Treasury yields have taken a hit, prompting a sell-off of the dollar.

Stock markets also faltered today, with the S&P 500 and NASDAQ indices losing half a percent each.

Meanwhile, the bond market saw an injection of cash as investors sought safety amidst the uncertainty. Gold prices continued their upward trajectory as well, while crude oil prices remained stagnant.

As for the cryptocurrency market, Bitcoin has remained relatively stable as it continues to trade sideways. Bitcoin's price is currently at $28,209 with an increase of 1.43% so far today. Meanwhile, the total market capitalization of cryptocurrencies is up by 1.63% today at $1.154 trillion as of writing.

As the week unfolds, more job-related data is slated for release, including the ADP private sector jobs report and weekly jobless claims.

The much-anticipated government monthly jobs report