Graph Is Inspired by Weak U.S. Labour Market
The Graph (GRT) is up 6.3% this week to $0.0863, keeping pace with Bitcoin (BTC), which advanced 6.8% to $118,523. The crypto market is rallying despite the U.S. government shutdown, buoyed by signs of labour market weakness. September’s ADP Nonfarm Payrolls showed a surprise decline of 32,000 jobs versus expectations for a 52,000 increase, reinforcing bets on Federal Reserve rate cuts.
The Graph project is also showing renewed activity. In early September, it introduced an update enabling human-readable queries to access token information. From a technical perspective, GRT’s seven-month consolidation appears to be nearing completion. A decisive move above $0.1000 would likely open the way towards $0.1500.
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