Binance Square

Alka85

3 Following
26 Followers
34 Liked
5 Shared
Content
·
--
#CryptoCPIWatch CPI Crypto Oversight may refer to the impact of the Consumer Price Index (CPI) on the cryptocurrency market. CPI is a measure of inflation, and changes in CPI can affect investor sentiment and market dynamics. Current Market Snapshot: - Global cryptocurrency market capitalization: $3.41 trillion, up 3.7% in the last 24 hours - 24-hour trading volume: $165 billion - Bitcoin dominance: 59.8% - Ethereum dominance: 8.69% Main Cryptocurrency Prices: - Bitcoin (BTC): $102,829, up 1.6% in the last 24 hours - Ethereum (ETH): $2,460.96, up 4.4% in the last 24 hours Potential Impact of CPI on Crypto: - A higher-than-expected CPI could lead to increased market volatility and potentially affect investor confidence in cryptocurrency. - A lower-than-expected CPI may boost investor sentiment and drive market growth.
#CryptoCPIWatch CPI Crypto Oversight may refer to the impact of the Consumer Price Index (CPI) on the cryptocurrency market. CPI is a measure of inflation, and changes in CPI can affect investor sentiment and market dynamics.
Current Market Snapshot:
- Global cryptocurrency market capitalization: $3.41 trillion, up 3.7% in the last 24 hours
- 24-hour trading volume: $165 billion
- Bitcoin dominance: 59.8%
- Ethereum dominance: 8.69%
Main Cryptocurrency Prices:
- Bitcoin (BTC): $102,829, up 1.6% in the last 24 hours
- Ethereum (ETH): $2,460.96, up 4.4% in the last 24 hours
Potential Impact of CPI on Crypto:
- A higher-than-expected CPI could lead to increased market volatility and potentially affect investor confidence in cryptocurrency.
- A lower-than-expected CPI may boost investor sentiment and drive market growth.
·
--
$XRP XRP coin, also known as Ripple, is currently trading at $0.83, up 2.15% in the last 24 hours.¹ The coin has a market cap of $38.5 billion and a total supply of 100 billion coins. The price of XRP is volatile, but it remains one of the top 5 cryptocurrencies by market cap. Ripple’s ongoing lawsuit with the SEC has had a significant impact on the coin’s price, but recent developments suggest a settlement is possible.² If resolved, this could cause the value of XRP to surge, making it an attractive investment opportunity for some investors.³$XRP
$XRP XRP coin, also known as Ripple, is currently trading at $0.83, up 2.15% in the last 24 hours.¹ The coin has a market cap of $38.5 billion and a total supply of 100 billion coins. The price of XRP is volatile, but it remains one of the top 5 cryptocurrencies by market cap. Ripple’s ongoing lawsuit with the SEC has had a significant impact on the coin’s price, but recent developments suggest a settlement is possible.² If resolved, this could cause the value of XRP to surge, making it an attractive investment opportunity for some investors.³$XRP
·
--
#LTC&XRPETFsNext? The possibility of Litecoin (LTC) and Ripple (XRP) Exchange-Traded Funds (ETFs) being introduced is a topic of interest for many investors and crypto enthusiasts. However, as of now, there are no approved ETFs specifically for LTC or XRP.
#LTC&XRPETFsNext? The possibility of Litecoin (LTC) and Ripple (XRP) Exchange-Traded Funds (ETFs) being introduced is a topic of interest for many investors and crypto enthusiasts. However, as of now, there are no approved ETFs specifically for LTC or XRP.
·
--
#BNBChainMeme Binance Smart Chain (BNB Chain) has been the center of attention in the meme coin world for a few reasons: BNB Chain’s Advantages for Meme Coins: Low Transaction Fees: BNB Chain is known for its low transaction fees compared to other networks like Ethereum, making it more attractive to meme coin projects that often involve many small transactions. Transaction Speed: With faster block times, users can make transactions quickly, which is especially important in the meme coin world where trends can change very quickly. Community and Ecosystem Support: BNB Chain has an active community and the backing of Binance, one of the largest crypto exchanges, which provides additional validation and visibility for meme projects. Criticisms and Risks: High Volatility: Meme coins are generally highly speculative and volatile. Projects on BNB Chain are no exception, with the potential for large gains but also significant risk of loss. Unsustainable Projects: Many meme coins on BNB Chain may be driven solely by hype and marketing without a strong foundation or sustainable utility, which could lead to a sharp price drop once the hype phase passes. Security and Skimming: There are concerns about security, especially with new projects emerging without thorough audits, leaving room for rug pulls or scams. Social Media Sentiment: There is a certain amount of enthusiasm on platforms like X about the potential of BNB Chain for meme coins. However, this sentiment is often mixed between great optimism and skepticism due to the speculative nature of meme coins. Some users see them as a great opportunity, while others warn of the significant risks involved.
#BNBChainMeme Binance Smart Chain (BNB Chain) has been the center of attention in the meme coin world for a few reasons:
BNB Chain’s Advantages for Meme Coins:
Low Transaction Fees: BNB Chain is known for its low transaction fees compared to other networks like Ethereum, making it more attractive to meme coin projects that often involve many small transactions.
Transaction Speed: With faster block times, users can make transactions quickly, which is especially important in the meme coin world where trends can change very quickly.
Community and Ecosystem Support: BNB Chain has an active community and the backing of Binance, one of the largest crypto exchanges, which provides additional validation and visibility for meme projects.
Criticisms and Risks:
High Volatility: Meme coins are generally highly speculative and volatile. Projects on BNB Chain are no exception, with the potential for large gains but also significant risk of loss.
Unsustainable Projects: Many meme coins on BNB Chain may be driven solely by hype and marketing without a strong foundation or sustainable utility, which could lead to a sharp price drop once the hype phase passes.
Security and Skimming: There are concerns about security, especially with new projects emerging without thorough audits, leaving room for rug pulls or scams.
Social Media Sentiment:
There is a certain amount of enthusiasm on platforms like X about the potential of BNB Chain for meme coins. However, this sentiment is often mixed between great optimism and skepticism due to the speculative nature of meme coins. Some users see them as a great opportunity, while others warn of the significant risks involved.
·
--
$BNB Binance Coin (BNB) is poised for significant growth as Bitcoin (BTC) approaches key support levels and gears up for a potential bounce to higher highs. Historically, altcoins like BNB tend to follow BTC’s price movements, often experiencing amplified gains during bullish rallies. As BTC finds support and regains upward momentum, investor confidence typically surges, driving capital inflows into major altcoins, including BNB. Additionally, BNB’s strong utility within the Binance ecosystem, including reduced trading fees and its role in DeFi, NFTs, and staking, makes it a top choice for investors seeking exposure during market recoveries. With Binance’s expanding global influence and adoption, a BTC rebound could ignite renewed bullish sentiment, propelling BNB to new highs. Traders should watch closely as BTC’s next move may spark a significant BNB rally.
$BNB Binance Coin (BNB) is poised for significant growth as Bitcoin (BTC) approaches key support levels and gears up for a potential bounce to higher highs. Historically, altcoins like BNB tend to follow BTC’s price movements, often experiencing amplified gains during bullish rallies. As BTC finds support and regains upward momentum, investor confidence typically surges, driving capital inflows into major altcoins, including BNB. Additionally, BNB’s strong utility within the Binance ecosystem, including reduced trading fees and its role in DeFi, NFTs, and staking, makes it a top choice for investors seeking exposure during market recoveries. With Binance’s expanding global influence and adoption, a BTC rebound could ignite renewed bullish sentiment, propelling BNB to new highs. Traders should watch closely as BTC’s next move may spark a significant BNB rally.
·
--
#TariffHODL HODL rates is a strategy that combines the concept of rates and the crypto term “HODL” (Hold On for Dear Life). It refers to holding an asset despite fluctuations in rates, especially in global trade and the cryptocurrency market. Investors who use this approach believe that despite the short-term impact of tariffs on imports, exports, and market prices, the long-term value will outperform. This strategy is relevant in industries affected by trade wars, where companies and traders avoid panic selling due to tariffs. In the crypto space, it signifies holding an asset despite regulatory uncertainty, expecting future growth regardless of trade restrictions or fees imposed by governments.
#TariffHODL HODL rates is a strategy that combines the concept of rates and the crypto term “HODL” (Hold On for Dear Life). It refers to holding an asset despite fluctuations in rates, especially in global trade and the cryptocurrency market. Investors who use this approach believe that despite the short-term impact of tariffs on imports, exports, and market prices, the long-term value will outperform. This strategy is relevant in industries affected by trade wars, where companies and traders avoid panic selling due to tariffs. In the crypto space, it signifies holding an asset despite regulatory uncertainty, expecting future growth regardless of trade restrictions or fees imposed by governments.
·
--
$BTC The impact of PCE inflationwatch on the crypto market, including Bitcoin, is difficult to predict directly and concisely. PCEinflationwatch focuses more on inflation in the United States, and while global inflation can affect the crypto market, the relationship is not always direct or easy to predict. Other factors such as market sentiment, regulation, and technology adoption also play a major role in determining the direction of the crypto market.
$BTC The impact of PCE inflationwatch on the crypto market, including Bitcoin, is difficult to predict directly and concisely. PCEinflationwatch focuses more on inflation in the United States, and while global inflation can affect the crypto market, the relationship is not always direct or easy to predict. Other factors such as market sentiment, regulation, and technology adoption also play a major role in determining the direction of the crypto market.
·
--
#PCEInflationWatch The latest data on Personal Consumption Expenditures (PCE) Inflation showed that the overall PCE price index for December 2024 was at 2.6%, in line with expectations. This is the highest PCE inflation rate since May 2024, suggesting that inflationary pressures may be picking up again or at least stabilizing at a higher level than previously thought. The core PCE inflation rate, which excludes food and energy, was reported at 2.8% for the same period, also in line with expectations. The core rate is closely watched by the Federal Reserve when conducting monetary policy, as it provides a clearer picture of underlying inflation trends by stripping out more volatile food and energy prices. The Federal Reserve’s preferred measure of inflation, the PCE Price Index, has shown a slight increase, which could influence future monetary policy decisions. There are indications from market analysts that the Fed may hold off on cutting interest rates in December because of these inflation figures, reflecting concerns about accelerating inflation. These latest figures highlight a complex economic environment in which the Fed must balance economic growth with inflation management. The PCE data's alignment with expectations suggests a period of economic stability but with caution over potential inflationary pressures.
#PCEInflationWatch The latest data on Personal Consumption Expenditures (PCE) Inflation showed that the overall PCE price index for December 2024 was at 2.6%, in line with expectations. This is the highest PCE inflation rate since May 2024, suggesting that inflationary pressures may be picking up again or at least stabilizing at a higher level than previously thought. The core PCE inflation rate, which excludes food and energy, was reported at 2.8% for the same period, also in line with expectations. The core rate is closely watched by the Federal Reserve when conducting monetary policy, as it provides a clearer picture of underlying inflation trends by stripping out more volatile food and energy prices.
The Federal Reserve’s preferred measure of inflation, the PCE Price Index, has shown a slight increase, which could influence future monetary policy decisions. There are indications from market analysts that the Fed may hold off on cutting interest rates in December because of these inflation figures, reflecting concerns about accelerating inflation.
These latest figures highlight a complex economic environment in which the Fed must balance economic growth with inflation management. The PCE data's alignment with expectations suggests a period of economic stability but with caution over potential inflationary pressures.
·
--
$BTC Today's Bitcoin (BTC) price analysis shows an increase of 2.67% with the current price around $105,300.01 USD or around Rp1,706,316,945.00. Technical Analysis: - The chart pattern shows the potential for a rebound from support. - The RSI shows bearish market momentum with the actual RSI reading at 0.00 l. - The Moving Average shows a neutral trend because neither bullish nor bearish conditions are met. - The MACD shows a bearish trend considering that the MACD signal line moved below 50 periods ago.
$BTC Today's Bitcoin (BTC) price analysis shows an increase of 2.67% with the current price around $105,300.01 USD or around Rp1,706,316,945.00.
Technical Analysis:
- The chart pattern shows the potential for a rebound from support.
- The RSI shows bearish market momentum with the actual RSI reading at 0.00 l.
- The Moving Average shows a neutral trend because neither bullish nor bearish conditions are met.
- The MACD shows a bearish trend considering that the MACD signal line moved below 50 periods ago.
·
--
#FedHODL If the Fed raises interest rates, it makes borrowing more expensive, which can encourage investors to seek safer assets like bonds or savings with more certain returns. This often reduces interest in riskier assets like crypto, causing crypto prices to fall due to reduced demand. Conversely, if the Fed decides to lower interest rates, it makes borrowing cheaper, encouraging investors to seek investments that can provide higher returns, including crypto. This often causes crypto prices to rise due to increased demand.
#FedHODL If the Fed raises interest rates, it makes borrowing more expensive, which can encourage investors to seek safer assets like bonds or savings with more certain returns. This often reduces interest in riskier assets like crypto, causing crypto prices to fall due to reduced demand. Conversely, if the Fed decides to lower interest rates, it makes borrowing cheaper, encouraging investors to seek investments that can provide higher returns, including crypto. This often causes crypto prices to rise due to increased demand.
·
--
$BTC MicroStrategy has once again made a bold move in the crypto space by acquiring more Bitcoin (BTC)! With each purchase, they continue to strengthen their position as one of the largest institutional BTC holders.
$BTC MicroStrategy has once again made a bold move in the crypto space by acquiring more Bitcoin (BTC)! With each purchase, they continue to strengthen their position as one of the largest institutional BTC holders.
·
--
#MicroStrategyAcquiresBTC MicroStrategy, under the leadership of CEO Michael Saylor, continues to increase its investment in Bitcoin. On January 26, 2025, the company acquired an additional 10,107 BTC for a total value of approximately $1.1 billion, at an average price of $105,596 per Bitcoin. With this purchase, MicroStrategy's total holdings reached 471,107 BTC, acquired for a total investment of approximately $30.4 billion and an average price of $64,511 per Bitcoin. To fund this latest acquisition, MicroStrategy sold approximately 2.76 million shares, raising $1.1 billion. The company has also received shareholder approval to increase its outstanding Class A common stock to 10.3 billion and preferred stock to 1 billion. In addition, they announced an offering of 2.5 million shares of Series A Perpetual Strike Preferred Stock. MicroStrategy's aggressive strategy in acquiring Bitcoin has attracted the attention of traditionally conservative institutional investors, such as insurance companies and mutual funds. They have purchased $6.2 billion worth of convertible bonds from MicroStrategy, the largest amount issued by a single company in a year.
#MicroStrategyAcquiresBTC MicroStrategy, under the leadership of CEO Michael Saylor, continues to increase its investment in Bitcoin. On January 26, 2025, the company acquired an additional 10,107 BTC for a total value of approximately $1.1 billion, at an average price of $105,596 per Bitcoin. With this purchase, MicroStrategy's total holdings reached 471,107 BTC, acquired for a total investment of approximately $30.4 billion and an average price of $64,511 per Bitcoin.
To fund this latest acquisition, MicroStrategy sold approximately 2.76 million shares, raising $1.1 billion. The company has also received shareholder approval to increase its outstanding Class A common stock to 10.3 billion and preferred stock to 1 billion. In addition, they announced an offering of 2.5 million shares of Series A Perpetual Strike Preferred Stock.
MicroStrategy's aggressive strategy in acquiring Bitcoin has attracted the attention of traditionally conservative institutional investors, such as insurance companies and mutual funds. They have purchased $6.2 billion worth of convertible bonds from MicroStrategy, the largest amount issued by a single company in a year.
·
--
$BTC Bitcoin led the cryptocurrency decline due to uncertainty over US President Donald Trump's policies and investor caution ahead of a busy week on the economic calendar. The market also faces big tech gains this week, the Fed's policy decision on Wednesday, the European Central Bank's decision on Thursday It is preparing its decision, US economic growth data on Thursday and US personal consumption expenditures prices on Friday. Bitcoin fell 5.86% It fell to $98,948.83, hitting a one-and-a-half-week low of $97,811.50 early in the morning.
$BTC Bitcoin led the cryptocurrency decline due to uncertainty over US President Donald Trump's policies and investor caution ahead of a busy week on the economic calendar. The market also faces big tech gains this week, the Fed's policy decision on Wednesday, the European Central Bank's decision on Thursday It is preparing its decision, US economic growth data on Thursday and US personal consumption expenditures prices on Friday. Bitcoin fell 5.86% It fell to $98,948.83, hitting a one-and-a-half-week low of $97,811.50 early in the morning.
·
--
#USConsumerConfidence The current US consumer confidence index has dropped to 71.1, its lowest since October 2024, according to the University of Michigan's report ¹ ². This decline in confidence may impact the crypto market, as consumer sentiment is a key indicator of economic health. In the crypto market, the Fear & Greed Index is currently at 75, indicating "Greed" and strong optimism among investors ¹. However, it's essential to remain cautious, as overconfidence can precede corrections. The Altseason Index is neutral, with a score of 55, suggesting balanced trading opportunities for both Bitcoin and altcoins $BTC $BNB
#USConsumerConfidence The current US consumer confidence index has dropped to 71.1, its lowest since October 2024, according to the University of Michigan's report ¹ ². This decline in confidence may impact the crypto market, as consumer sentiment is a key indicator of economic health.
In the crypto market, the Fear & Greed Index is currently at 75, indicating "Greed" and strong optimism among investors ¹. However, it's essential to remain cautious, as overconfidence can precede corrections. The Altseason Index is neutral, with a score of 55, suggesting balanced trading opportunities for both Bitcoin and altcoins
$BTC $BNB
·
--
#MarketPullback In the last few hours, BTC is down more than 5%, and large caps are down 8%-10%. But guess what? This has nothing to do with crypto itself and everything to do with the US stock market. Here's the problem: The US stock market is going down today, and it's all because of an app called "DeepSeek". DeepSeek is a Chinese AI startup that competes with ChatGPT. This makes waves because: It reportedly cost less than $10 million to develop, which is a pittance compared to ChatGPT. Today, DeepSeek beats ChatGPT to become the#1free app in Apple's App Store. For context, ChatGPT is valued at $157 billion, while DeepSeek? Only 0.2% of that. This has spooked large US investors, who now believe that the US stock market may be overvalued. As a result, they sold shares, causing waves in the crypto market. What does this mean for you? No need to panic sell your crypto. The market always faces FUD (Fear, Uncertainty, Doubt) like this. ✊ HODL tight, stay calm, and weather the storm. Better days are ahead!
#MarketPullback In the last few hours, BTC is down more than 5%, and large caps are down 8%-10%. But guess what? This has nothing to do with crypto itself and everything to do with the US stock market.
Here's the problem: The US stock market is going down today, and it's all because of an app called "DeepSeek".
DeepSeek is a Chinese AI startup that competes with ChatGPT. This makes waves because:
It reportedly cost less than $10 million to develop, which is a pittance compared to ChatGPT.
Today, DeepSeek beats ChatGPT to become the#1free app in Apple's App Store.
For context, ChatGPT is valued at $157 billion, while DeepSeek? Only 0.2% of that.

This has spooked large US investors, who now believe that the US stock market may be overvalued. As a result, they sold shares, causing waves in the crypto market.
What does this mean for you?
No need to panic sell your crypto. The market always faces FUD (Fear, Uncertainty, Doubt) like this.
✊ HODL tight, stay calm, and weather the storm. Better days are ahead!
·
--
$SOL ETF, not yet launched, but showing promising signs for the future! We are getting closer to launch, and the wait will definitely be worth it. Stay strong, stay focused, and get ready for the next big move. Patience is key--soon, we will see this ETF shake up the crypto space!#SOLETFsOnTheHorizon
$SOL ETF, not yet launched, but showing promising signs for the future! We are getting closer to launch, and the wait will definitely be worth it. Stay strong, stay focused, and get ready for the next big move. Patience is key--soon, we will see this ETF shake up the crypto space!#SOLETFsOnTheHorizon
·
--
#SOLETFsOnTheHorizon With Solana ETF approval, will SOL price climb to $400 by 2025? SOL may be on track to hit $400 based on historical chart patterns and growing anticipation for the first spot Solana exchange-traded fund (ETF) in the United States. Investors are increasingly expecting a spot Solana ETF to be approved before the end of 2025 “The market hasn’t priced it in yet because U.S. ETF approval is still very uncertain and unlikely,” Alejo Pinto, former IBM blockchain growth lead and founder of Solana layer-2 network Lumio, told Cointelegraph. “But it will have a positive impact on Solana price,” he said. Firms vying for the Solana ETF include asset management giant VanEck, Grayscale, 21Shares, Bitwise and Canary Capital. The deadline to apply for Grayscale’s Solana ETF is Jan. 23. The other four applicants are awaiting initial decisions on Jan. 25, 45 days after the U.S. Securities and Exchange Commission formally accepted ETF applications for review in November. Brazil’s first Solana ETF was approved on Aug. 7, setting a precedent for other countries around the world. Solana had risen above $230 on Dec. 11 as investor expectations for a SOL ETF grew and Bitwise set a $750 price target for Solana.
#SOLETFsOnTheHorizon With Solana ETF approval, will SOL price climb to $400 by 2025?
SOL may be on track to hit $400 based on historical chart patterns and growing anticipation for the first spot Solana exchange-traded fund (ETF) in the United States.
Investors are increasingly expecting a spot Solana ETF to be approved before the end of 2025
“The market hasn’t priced it in yet because U.S. ETF approval is still very uncertain and unlikely,” Alejo Pinto, former IBM blockchain growth lead and founder of Solana layer-2 network Lumio, told Cointelegraph. “But it will have a positive impact on Solana price,” he said.
Firms vying for the Solana ETF include asset management giant VanEck, Grayscale, 21Shares, Bitwise and Canary Capital.
The deadline to apply for Grayscale’s Solana ETF is Jan. 23. The other four applicants are awaiting initial decisions on Jan. 25, 45 days after the U.S. Securities and Exchange Commission formally accepted ETF applications for review in November.
Brazil’s first Solana ETF was approved on Aug. 7, setting a precedent for other countries around the world.
Solana had risen above $230 on Dec. 11 as investor expectations for a SOL ETF grew and Bitwise set a $750 price target for Solana.
·
--
$BNB BNB/USDT pair shows strong potential with the current market movement. Keep an eye on this pair for possible entry points and maximize your trading strategy. Stay updated with the latest trends and make informed trading decisions!
$BNB BNB/USDT pair shows strong potential with the current market movement. Keep an eye on this pair for possible entry points and maximize your trading strategy. Stay updated with the latest trends and make informed trading decisions!
·
--
#TrumpCryptoOrder Yesterday Trump signed an executive order for "digital assets" so it's not just focused on crypto, then when you look at the president's speech he didn't mention crypto at all, it means he doesn't actively support crypto, but he's not anti-crypto either, in essence he's neutral. "As one of 100 U.S. Senators, her power is limited by the collective decision-making process of the Senate. She needs majority support to pass any legislation." In essence Trump can't openly support crypto, but he's not anti-crypto.
#TrumpCryptoOrder Yesterday Trump signed an executive order for "digital assets" so it's not just focused on crypto, then when you look at the president's speech he didn't mention crypto at all, it means he doesn't actively support crypto, but he's not anti-crypto either, in essence he's neutral.
"As one of 100 U.S. Senators, her power is limited by the collective decision-making process of the Senate. She needs majority support to pass any legislation."
In essence Trump can't openly support crypto, but he's not anti-crypto.
·
--
#NFPCryptoImpact The US nonfarm payrolls (NFP) report for December, due out today, is expected to show 153,000 new jobs, down from 227,000 in November. The unemployment rate is likely to remain at 4.2%. The report offers key insight into the US labor market and could influence Federal Reserve policy. Bitcoin (BTC) has been volatile, surging past $100,000 earlier this week before falling back to around $94,215. The fluctuations have been linked to strong economic data, rising Treasury yields and waning expectations for a Fed rate cut. Historically, Bitcoin’s price has reacted to NFP data. One study found that when the jobs number beats expectations, BTC rises an average of 0.74%. When the data falls short, BTC falls by the same percentage. If today’s report shows fewer jobs than expected, a cooling labor market could prompt a Fed rate cut, boosting Bitcoin’s appeal as a risk-on asset. However, a strong jobs number could reduce the likelihood of a cut, putting downward pressure on BTC prices. In conclusion, the NFP report may shape Bitcoin’s short-term movement. A weaker report could push prices higher, while a strong one could point to a decline. Investors should pay close attention to the data and Fed signals.
#NFPCryptoImpact The US nonfarm payrolls (NFP) report for December, due out today, is expected to show 153,000 new jobs, down from 227,000 in November. The unemployment rate is likely to remain at 4.2%. The report offers key insight into the US labor market and could influence Federal Reserve policy.
Bitcoin (BTC) has been volatile, surging past $100,000 earlier this week before falling back to around $94,215. The fluctuations have been linked to strong economic data, rising Treasury yields and waning expectations for a Fed rate cut.
Historically, Bitcoin’s price has reacted to NFP data. One study found that when the jobs number beats expectations, BTC rises an average of 0.74%. When the data falls short, BTC falls by the same percentage.
If today’s report shows fewer jobs than expected, a cooling labor market could prompt a Fed rate cut, boosting Bitcoin’s appeal as a risk-on asset. However, a strong jobs number could reduce the likelihood of a cut, putting downward pressure on BTC prices.
In conclusion, the NFP report may shape Bitcoin’s short-term movement. A weaker report could push prices higher, while a strong one could point to a decline. Investors should pay close attention to the data and Fed signals.
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs