The US job market saw significant growth in March, adding 303,000 jobs, surpassing economists' expectations.

The unemployment rate dropped to 3.8%, below initial estimates. However, the price of bitcoin fell, and US stock index futures lost some of their previous gains.

Initial forecasts regarding rate cuts from the Federal Reserve have changed, with only three cuts expected for the entire year now.

There's also the possibility of no rate cuts in 2024, according to a recent suggestion from the Minneapolis Fed president.

Additionally, the report indicates an increase in the labor force participation rate and a modest rise in average hourly earnings.