Friday's U.S. non-farm payrolls (NFP) data saw equity indices test new highs, but the reading failed to resuscitate the cryptocurrency market, which has seen its market cap fall by over 5% in the past 24 hours.

The NFP reading for June came in better than expected, up 206,000 jobs versus a forecast 190,000 increase, according to the U.S. Bureau of Labour Statistics. Unemployment rose slightly to 4.1% in June, which is the first time since November 2021 it has risen above the 4% mark.

Equity indices gain following NFP release

Treasury yields moved lower along with the dollar index, as bond traders reacted to today's NFP data. In contrast, stock futures ticked higher, testing new highs. Dow Jones Industrial Average futures increased 0.033% and S&P 500 futures climbed 0.013% in …