Balita sa Industriya ng Crypto at Market Trends

Ang GBP/USD ay bumagsak sa malakas na data ng US Nonfarm Payrolls, may mata na 1.2500

GBP/USD traded volatile in the data release, though resumed its downtrend.　　US Nonfarm Payrolls figures exceeded estimates; hence traders priced out one Fed rate cut for 2024.　　Traders are eyeing the release of the University of Michigan Consumer Sentiment poll. 　　The GBP/USD dives 0.50% in early trading during the North American session, sponsored by news showing the economy in the United States (US) remained resilient as the workforce added more jobs than expected. At the time of writing, the major trades at 1.2505, after trading volatile within 1.2578/1.2511 at the news release.　　US economy remains stronger than expected, hence the GBP/USD tumbles to new weekly lows　　The US Bureau of Labor Statistics (BLS) revealed that 199K jobs were created in November, according to the Nonfarm Payrolls report. Market participants estimated a 180K increase, mainly driven by healthcare gains and auto workers. Digging into the data, the Unemployment Rate ticked lower from 3.9% to 3.7%. Average Hourly Earnings rose as the expected 4% on yearly readings, while month-over-month figures were up to 0.4% from 0.2% a month earlier.　　Following the data release, trades had paired US Federal Reserves rate cut expectations for the following year. According to data from the Chicago Board of Trade (CBOT), 120

2023-12-09Industriya

Ethereum Eyes Breaking Above $2386 Level as Price Rallies

Balita ng Ethereum ng Bitcoin　　Sa oras ng pagsulat, ang ETH ay nakikipagkalakalan sa $2357, tumaas ng 5.41% sa huling 24 na oras.　　If the price manages to go above $2386 level, then it will likely test $2724.　　The altcoins have capitalised on the recent bullish momentum while bitcoin price witnessed a brief correction. The Ethereum price has reached its highest point in over 18 months. It wasnt until early May 2022 that ETH traded above this level.　　Cryptocurrencies are a new danger to the US, according to Senator Elizabeth Warren, who has often spoken out strongly against them. Her remarks, which she delivered on December 7 during an interview on CNBCs Squawk Box, align with the opinions of Jamie Dimon, the CEO of JPMorgan, who has been a strong proponent of closing down the cryptocurrency industry.　　The purported use of cryptocurrency to fund terrorism, drug trade, and by rogue nations was the main topic of Warrens speech.　　After five years of inactivity, a long-dormant Ethereum whale recently transferred almost $90 million worth of ETH to the cryptocurrency exchange Kraken, sparking debate among experts. Kraken received a deposit of 39,260 ETH from the whale. At one point in 2017, this address had received 47,260 ETH, which

2023-12-09Ethereum

Unemployment among Asian workers, Black men rises in November

Commuters arrive at the Oculus Center in Manhattan, New York City, on Nov. 17, 2022.　　The labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the U.S. Department of Labor.　　The overall unemployment rate declined 0.2% to 3.7% last month, against a forecast that it would hold steady at 3.9%. Overall, the labor force participation rate ticked up to 62.8% alongside a surge of 532,000 workers into the labor force.　　For white Americans, the jobless rate fell 0.2 percentage points to 3.3%. Hispanic Americans also saw their unemployment rate slip 0.2 percentage points to 4.6%.　　On the other hand, Asian Americans saw a 0.4 percentage-point jump in the unemployment rate to 3.5%. This was accompanied by a decline in the participation rate for Asian workers to 65% from 65.3% in October.　　“That uptick in unemployment is not because more Asian workers are flooding into the labor market, feeling optimistic about getting jobs. Its actually accompanied by a fall in participation as well as a fall in employment,” Elise Gould, senior economist at the Economic Policy Institute, told CNBC.　　The unemployment rate for Black Americans — the demographic with the highest jobless percentage in the U.S. — held steady

2023-12-09Industriya

Can Bitcoin Price Reach $50,000 Next Week? What Do the Data Say?

Balita ng Ethereum ng Bitcoin　　ETF speculation and other factors have led to over a 22% increase in Bitcoin price in a month, triggered by the loose policy of the US Federal Reserve.　　Another popular analyst mentioned on Binance Spot that “bids are being sold and filled.” Despite clearing open positions on Binance and Bybit, bids are pulling the price upwards.　　Julio Moreno, the Head of Research at CryptoQuant, pointed out that some on-chain metrics indicate that BTC price has become ‘overheated’ after the recent rally.　　Expectations for spot Bitcoin ETFs and other factors are strengthening the Bitcoin price: will the target of $50,000 be achieved？　　Aabot ba sa $50,000 ang Presyo ng Bitcoin？　　Rising speculation about spot Bitcoin ETFs and other factors have caused Bitcoins price to rise by over 22% in a month, triggered by the loose policy of the US Federal Reserve. Popular analysts noted that the buying opportunity around the key support level of $43,000 is being evaluated by retail investors after a rally led by institutional investors. Will BTC price surpass $50,000 next week？　　Popular analyst CredibleCrypto revealed in his recent post on X that $30 million worth of spot purchases emerged from near support levels. He had previously predicted that Bitcoin

2023-12-09Bitcoin

Ano ang ginagawa ng mga may hawak ng Ethereum habang tumatawid ang ETH sa $2.3K

Ethereums top addresses display different accumulation patterns　　以太坊的顶级地址显示出不同的积累模式　　Pinagmulan: Santiment　　来源：情绪　　Ethereum breaks into new price range　　以太坊突破新价格区间

2023-12-09Industriya

Fidelitys FBTC Spot Bitcoin ETF Inches Closer to SEC Approval on DTCC List

As the growing anticipation for a spot Bitcoin ETF approval continues to propel BTC prices higher, Jurrien Timmer, Fidelitys director of global macro, believes the crypto asset could surge to over $1 billion in 2038.　　Fidelity Investments achieves a significant milestone as its spot Bitcoin exchange-traded fund (ETF), known as FBTC, makes its appearance on the active and pre-launch list of the Depository Trust & Clearing Corporation (DTCC).　　The move places the financial services company at the forefront of the race for the first spot Bitcoin (BTC) ETF approval in the United States.　　First Spot Bitcoin ETF Expected to be Approved in January　　According to DTCC data, the listing of Fidelitys spot Bitcoin ETF under the ticker FBTC on the DTCC website indicates imminent approval by the United States Securities and Exchange Commission (SEC).　　The company submitted an application for the spot BTC ETF in June, joining dozens of other companies awaiting the SECs decision on the approval.　　Investors are eagerly awaiting the US SEC‘s decision on various ETF applications, including Fidelity’s FBTC, the Ark 21Shares Bitcoin ETF (ARKB), with the final approval expected by January 10.　　The approval of Fidelitys FBTC would mark a historic moment, opening new avenues for institutional and retail investors to participate

2023-12-09Bitcoin

Sinabi ng Analyst na Sinira Lang ng Bitcoin ang Isang Bullish na Pattern ng Megaphone, Ano Ang Mga Implikasyon?

Bitcoin continues to maintain its bullish momentum even after some corrections following the breach above $44,000. Despite rising almost $15,000 in 30 days, the bullish sentiment has still not waned, especially among crypto analysts, who continue to expect more bullish strides from the cryptocurrency.　　Bitcoin Breaks Bullish Megaphone Pattern　　In a new analysis, crypto analyst TradingShot has referred to a peculiar pattern that the Bitcoin price has broken. According to the analyst, the crypto broke above a very bullish megaphone pattern, something that has been keeping the price muted for a while now.　　As TradingShot explains, this megaphone pattern is important because it has been the pattern that has held Bitcoin back since it first made a local high on October 24. So a break out of this pattern is understandably very bullish for the price.　　Pinagmulan: Tradingview.com　　“The previous Bullish Megaphone of September – October technically served as a consolidation belt before the price broke upwards to deliver a +31.86% peak from the Megaphones last Higher Low and +40.50% from its first Low,” TradingShot said.　　Breaking out of the megaphone pattern suggests that there is more upside to come. If it goes as expected, then the crypto analyst believes that the BTC price could still

2023-12-09Bitcoin

Jack Dorsey’s Fintech Company Block Officially Launches New Self-Custody Bitcoin (BTC) Wallet

The self-custody Bitcoin (BTC) wallet built by Jack Dorseys fintech firm is now available for pre-order to customers in over 95 countries.　　In a statement, Block, formerly known as Square, says the global launch of their Bitkey wallet will make it easier for people to own and manage Bitcoin.　　Block says it will be shipping out the crypto wallet, which includes a mobile app, a hardware device and a set of recovery tools, early next year.　　Says Thomas Templeton, lead of Blocks Proto Team that developed Bitkey,　　The fintech company is releasing Bitkey and promoting self-custody after several centralized crypto firms left investors unable to withdraw their digital assets. Sam Bankman-Frieds FTX alone is believed to have mishandled billions in customer funds.　　Sabi Dorsey, following Bitkeys official launch,　　In June, leading US-based crypto exchange Coinbase announced that it was looking to integrate Bitkey to foster the growth of self-custody usage. Dorsey, who plugged the partnership on social media, said that people should buy Bitcoin from an exchange and then move the asset to a hardware key that they control.　　Pagtanggi: Ang mga opinyon na ipinahayag sa The Daily Hodl ay hindi payo sa pamumuhunan. Dapat gawin ng mga namumuhunan ang kanilang nararapat na pagsusumikap bago gumawa ng

2023-12-09Bitcoin

Gaano kalayo ang $50,000 na Presyo Mula sa Bitcoin Market? Narito ang Dapat Abangan ⋆ ZyCrypto

Balita ng Ethereum ng Bitcoin　　Bitcoin bulls have remained awake since the start of November. The new month is no different, as bulls continue to dominate the market. As a result, the apex cryptocurrency has soared to new yearly highs.　　Bitcoin rose above the $40,000 price mark for the first time this year and for the first time since April 28th, 2022. The newly attained milestone comes when market expectations are higher than ever.　　As market players observed, the bullish sentiments surrounding the leading cryptocurrency have only continued to grow. According to data from Santiment, an on-chain analytics platform, $50,000 euphoria is apparent on social media platforms.　　As we advance, traders are expected to either take profit or trust that the asset will continue to sustain its current momentum and eventually lunge for $50,000.　　How long before Bitcoin taps the $50,000 price level？　　Notably, Bitcoin surpassed the $44,000 for a short period before making a downward correction back to $43k. As noted by Justin dAnethan, an executive for Keyrock, a digital asset marketing firm, Bitcoin has surged by 50% since mid-October. “The rally seems to mark a decisive shift away from the bearishness of 2022 and early 2023.” He asserted.　　At the time of this report, Bitcoin

2023-12-09Bitcoin

Ethereum supply deflating: exploring ROEs tokenomics

With Ethereum burning and removing more coins from supply, the second-largest crypto by market cap, remains solid. Meanwhile, BorroeFinance (ROE) is adopting a similar approach, aiming to impact web3 space via deflationary tokenomics.　　BorroeFinance and role in web3 financing　　BorroeFinance enhanced its credibility in web3 financing after being audited by BlockAudit. This external validation and the projects approach explain why decentralized finance (defi) enthusiasts watch the platform.　　The protocol‘s open smart contract fosters transparency and accountability, contributing to the project’s trustworthiness. This openness allows for public scrutiny and may build trust among potential investors and users.　　As an NFT-based marketplace connecting web3 participants with revenue sellers, BorroeFinance‘s compliance assessment from BlockAudit reinforces its position as a reliable platform for revenue financing. This audit demonstrates the network’s commitment to security and data integrity.　　BorroeFinances innovation lies in its ability to provide immediate funding to web3 players using their recurring incomes, royalties, and subscriptions as collateral. These recurring revenues are tokenized as non-fungible tokens (NFTs) for seamless trading on the BorroeFinance platform.　　This approach has attracted many investors, with over 170 million ROE purchased in the presale, helping the project raise over $1.8 million.　　BorroeFinance also has deflationary tokenomics, with a built-in mechanism that reduces the total supply over

2023-12-08Ethereum

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