Crypto News Summary: April 4, 2026 — Strong Jobs Report, BTC Holds Steady
Crypto summary for April 4, 2026: US employment figures exceed expectations with 178,000 jobs added. BTC stands at $66,900, NEAR surges 5.8%, Schwab prepares for direct crypto trading, and Drift DEX suffers a $285M hack.
Happy Good Friday holiday! Today, US stock and bond markets are closed, but the crypto market remains open as usual. This makes Bitcoin the most significant active market today. Let's look at the interesting developments occurring now.
1. March Jobs Report Stronger Than Expected, BTC Holds Firm at $66,900
Non-Farm Payroll figures for March 2026 came in much stronger than anticipated at 178,000 jobs, while analysts had forecasted only 57,000. The unemployment rate dropped slightly to 4.3%. According to CryptoNewsZ, this positive economic news immediately dampened hopes for a Fed interest rate cut this month. Bitcoin is trading at $66,929 following the news, showing that the market response has been relatively muted as much of this was already priced in.
2. NEAR Surges 5.8%, AVAX Rises 3.6% as Altcoins Begin to Recover
While BTC remains steady, some altcoins are showing signs of recovery. CoinDesk reports that NEAR Protocol (NEAR) surged 5.8% and Avalanche (AVAX) rose 3.6%. Ethereum is also outperforming BTC, moving up by over 2%, reflecting a rotation of capital from BTC into altcoins during this low-liquidity period. However, BTC Dominance remains high at the 56-58% level, suggesting that 'altseason' has not yet arrived.
3. Schwab to Launch Direct Bitcoin and Ethereum Trading in First Half of 2026
In a major win for institutional adoption, Charles Schwab—a financial giant with over $12 trillion in client assets—announced plans to offer direct Bitcoin and Ethereum trading for its clients within the first half of 2026. According to CoinDesk, early registration for the service is already open. This is a very positive signal that Wall Street is increasingly embracing crypto.
4. Drift DEX Hacked for $285 Million via Solana 'Durable Nonces'
Bad news to watch out for! According to CoinDesk, Drift Protocol, a DEX on Solana, suffered a major exploit worth over $285 million. Shockingly, this was not caused by a bug in Drift's code, but rather through the use of a legitimate Solana feature called 'Durable Nonces,' which allows for pre-signing transactions. Following the event, blockchain sleuth ZachXBT questioned why Circle did not freeze the stolen USDC; Circle clarified that freezing assets requires a formal legal order. This serves as a reminder to be cautious with Solana-based DEXs and to vet protocols thoroughly before use.
5. US Clarity Act Crypto Bill Facing Four-Way Deadlock, Delaying Regulatory Clarity
According to CryptoSlate, the US Clarity Act—a bill intended to establish a regulatory framework for crypto—is currently facing a deadlock between four factions in Congress. This means the regulatory clarity that institutional investors are waiting for may be delayed, acting as a continued point of pressure on the market.
6. Good Friday Leaves Bitcoin as the Only Open Market — Opportunity or Risk?
Today, the NYSE, Nasdaq, and US bond markets are closed for Good Friday, leaving Bitcoin as the only major asset class still actively trading, according to CryptoSlate. This means if major news breaks, Bitcoin could see unusually sharp movements as there are no other markets to absorb the impact. Traders on SiamDEX should be wary of heightened volatility and potentially wider spreads during this time.
Outlook for Thai Traders on SiamDEX
The market is currently moving sideways. This low-liquidity period is better suited for observation rather than opening large new positions. If you choose to trade, use low leverage and set tight stop losses. The strong Jobs Report suggests the Fed may not cut rates soon, which could cap crypto's short-term upside, but mid-to-long-term institutional adoption signals remain strong.
⚠️ DYOR — This article is a news summary for informational purposes only and is not investment advice. Crypto trading involves high risk; please study the data and assess your own risk tolerance before making any decisions.
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