Bitcoin Price Surges As U.S. October Jobs Data Comes To Light
The level of price fluctuation in Bitcoin and crypto market is sometimes very discouraging. Many cryptos in 2022 have continually lost value, while others record more pullbacks than rallies. This situation has been the bane of the market since the start of the inflation growth. Currently, bad news in the macroeconomic environment might affect crypto prices. For instance, releasing inflation data usually leads to a price crash. That’s why the general market usually dreads the days when the Feds make the announcements. Related Reading: SushiSwap Suffers Monthly Drop In TVL – How Will....
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The Bitcoin and crypto market is kicking off what could be an extremely important week. While the market is currently overwhelmed by the news surrounding the battle between Binance CEO Changpeng Zhao (“CZ”) and FTX CEO Sam Bankman-Fried (“SBF”), the midterm elections and the release of the CPI data in the US are two major events that could be of crucial importance for the market. As Bitcoinist reports, CZ had announced on Sunday that Binance will sell all of its FTT tokens after a report surfaced that FTX’s books are in trouble. Even though FTX and Alameda have denied the rumors, a....
Ethereum was back above $1,600 on Friday, as markets reacted to the latest nonfarm payrolls (NFP) report. Figures released today showed that 315,000 jobs were added to the U.S. economy, better than the 300,000 expected. Bitcoin was marginally higher, as the token continued to trade above $20,000.
Bitcoin
Bitcoin (BTC) was trading above $20,000 on Friday, as markets reacted to the latest monthly jobs report.
Last month’s payrolls came in at 315,000, which is higher than the consensus estimate of 300,000.
Following the report, BTC/USD surged to an....
On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the $20 threshold.
Precious Metals Price Patterns Follow Friday’s Equity Market Rout and Crypto Carnage
Just before the weekend, Wall Street’s major indices tumbled as the latest U.S. jobs report for September is making investors believe the Federal Reserve will continue its aggressive rate....
Almost two thirds of respondents who quit their jobs after making life-changing gains from crypto had a total income of less than $50,000. Data suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains. Analytics firm Civic Science posted survey results (weighted according to U.S. census data) on Nov. 1, which shows that 4% of 6741 respondents aged 18 and over had quit their jobs in the past year due to “financial freedom” earned by investing in crypto assets. Civic then cross-referenced the 4% figure with data from 1,201....
There are numerous new types of jobs since the internet first gained popularity. Bitcoin will experience a similar growth trajectory as more jobs are created.