Crypto market steadies near $2 trillion as U.S. nonfarm payrolls drop by 92,000 in February

On Friday, the crypto market's total capitalization excluding stablecoins hovered around $2.04 trillion while U.S. labor data showed a 92,000 drop in nonfarm payrolls in February with unemployment at 4.4%. The weaker jobs report fueled expectations of a more accommodative Federal Reserve later in 2026, as technical indicators signaled easing selling pressure after February's sharp market correction.