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Rising Yield Curve and Jobs Miss Add to Economic Jitters, Stocks and Bitcoin Slide
6.9.2024
Equities kicked off Friday on a quiet note, with little movement as the latest U.S. labor market report unveiled a softer-than-anticipated addition of 142,000 jobs for August. The data only adds to growing recession concerns, layering on top of several earlier signs hinting at an economic slowdown....
Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility
6.9.2024
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
6.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Sinks 3% as Markets Brace for Friday’s Jobs Report, Gold Climbs
5.9.2024
On Thursday, the crypto market mirrored the stock market’s downturn ahead of Friday’s anticipated U.S. jobs report. All major U.S. stock indices slipped into the red, with bitcoin (BTC) tumbling 3.6% in the past 24 hours. Meanwhile, gold enjoyed a nearly 1% gain, climbing back above...
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
5.9.2024
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate
Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report is Likely to Overstate Weakness
21.8.2024
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024
Goldman Sachs Lowers US Recession Risk to 20%
19.8.2024
Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession...
Markets in Freefall: US Stocks Plummet and Crypto Crashes After Shocking Jobs Report
3.8.2024
Following a heinous jobs report, questions are arising about whether the United States will experience a soft landing or if a full-fledged recession is on the horizon. All five major U.S. stock market indices saw notable declines on Friday, and the crypto economy fell by 5.82% to reach $2.2...
U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021
5.7.2024
Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool
Top Crypto Gainers Today on DEXScreener – ARKY, PEEPO, THREE
4.5.2024
With blue-chip cryptocurrency markets recovering on Friday as macro traders price back in multiple rate cuts for 2024 following the latest US jobs report, traders looking for top crypto gainers today continue to turn to the highly illiquid and volatile on-chain markets for opportunities.
The post...
Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report
3.4.2024
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction
Top Crypto Gainers Today on DEXTools – POP, INEDIBLE, BEBE
5.2.2024
Top Crypto Gainers Today on DEXTools A surging US Dollar Index (DXY) and rising US government bond yields on Monday in wake of fresh hawkish commentary from the US Federal Reserve Chair Jerome Powell over the weekend and last Friday’s bumper US jobs report is capping gains in major cryptocurrencies...
Best Crypto to Buy Now February 5 – ENS, GNO, LINK
5.2.2024
ptoA surging US Dollar Index (DXY) and rising US government bond yields on Monday in wake of fresh hawkish commentary from the US Federal Reserve Chair Jerome Powell over the weekend and last Friday’s bumper US jobs report is capping gains in major cryptocurrencies on Monday, though Ethereum Name...
Bitcoin Price Whipsaws Around $43K After Blockbuster US Jobs Report – Where Next for BTC?
2.2.2024
The Bitcoin bulls and bears are in a battle for supremacy in wake of the latest blockbuster US jobs report, with the Bitcoin price swinging on either side of the $43,000 level as traders assess the outlook for US monetary policy this year, and the potential impact on crypto. The Bitcoin price...
Bitcoin (BTC) Slips Back Towards $43,000 as Investor Digest Strong US Jobs Report, Monitor Expected Upcoming Spot ETF Approvals
5.1.2024
Bitcoin (BTC) Price Chart / Source: TradingView Bitcoin (BTC) has fallen back to the south of the $44,000 level and is eyeing a test of $43,000 once again in wake of a stronger-than-expected US jobs report and as market participants eye the possibility of the approval of spot Bitcoin ETFs in the...
Bitcoin's Next Move Might be Decided by Friday's Jobs Report
7.12.2023
A recent dovish shift in the outlook for monetary policy has played a sizable role in big gains for both crypto and traditional markets
Top Crypto Gainers Today on Uniswap – SNAPCAT, PEPETA
4.11.2023
Bitcoin (BTC) is consolidating in the mid-$34,000s, as market participants digest Friday’s weaker-than-expected US jobs report, which caused a dump in US government bond yields and the US Dollar Index (DXY), and a pump in US stock prices. Weaker yields/USD and stronger stock prices tend...
Bitcoin Bounces as US Jobs Market Slows – Where Next for the BTC Price?
3.11.2023
Economic data released earlier on Friday revealed a larger-than-expected slowdown in the US jobs market in October, triggering downside in US bond yields and a pump in the US stock market and price of Bitcoin (BTC), which was last around $34,600. The latest jobs report revealed that the...
Bitcoin Price Whipsaws Following Blockbuster US Jobs Report - Here's Where BTC is Headed Next
6.10.2023
Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has seen whipsaw price action since the release of a much stronger-than-expected US jobs report for September.
The blockbuster report showed the US economy adding 336,000 jobs last month, nearly double the median...
Bitcoin Holds Above $29,000 Following Mixed US Jobs Report – Where Next for the BTC Price?
4.8.2023
The bitcoin (BTC) price is holding within recent ranges to the north of the $29,000 level in wake of the latest mixed US jobs report for July.
The report revealed that the US economy added 187,000 jobs in July, below the expected gain of 200,000.
Moreover, June’s job gain of 209,000 was revised...