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Bitcoin Price Continues to Decline as Risk Aversion Intensifies: Tonight's Nonfarm Payroll Data Could Be CrucialTonight's Nonfarm Payroll data will be the market's focus, potentially causing significant volatility in Bitcoin's price in the short term. If the data shows a rate cut and good unemployment rates, it will be bullish for the market, and Bitcoin's price could rebound; conversely, if there's a rate cut but poor unemployment figures, it signifies a heightened risk of recession, and Bitcoin's price may further decline

Non-farm Payroll Data Looms Large: Can Bitcoin Hold $56,000?The ADP report released last night showed a meager increase of less than 100,000 jobs, marking the fifth consecutive month of slowing growth. This further confirms a cooling employment market and bodes well for a Fed rate cut

Bitcoin chills in September: Historical trends continue, demand remains low, future remains uncertainSeptember has not been kind to Bitcoin (BTC) this year, continuing a trend that has been observed since 2013, making the month typically challenging for the top cryptocurrency. Bitcoin ended August on a negative note, while Google Trends data reveals a significant drop in public interest towards Bitcoin

Australia's First Ethereum ETF Imminent: Monochrome ConfidentAustralian asset management firm Monochrome Asset Management is confident in its application for a spot Ethereum Exchange Traded Fund (ETF), which is poised to become the first ETF in Australia to directly hold Ethereum. The company announced on September 5th that it had submitted a listing application for the Monochrome Ether ETF (IETH) to Cboe Australia, with plans to complete the listing by the end of the month

Bitcoin ATM Scams Run Rampant, Targeting Elderly IndividualsIn recent years, with the rise in popularity of cryptocurrencies, Bitcoin ATM (BTM) scams have shown an alarming upward trend, inflicting substantial financial losses on consumers. According to the latest data released by the U

Etheism: A New Era of ERC-20 Tokens Merging Art and CodeOn September 5th, Etheism, a novel token protocol within the Ethereum ecosystem, made its debut, launching its token "E" at 2 am. The token surged to nearly $5,000, igniting the market

Bitcoin Struggles, but Signs of a Breakout Emerge: Is the Market Ready to Turn?While Bitcoin prices continue to fluctuate within a narrow range, on-chain analysis reveals that trading activity on the Bitcoin network has reached a three-year low, suggesting waning interest in the network. However, some analysts believe this could mean a significant breakout is imminent

The Long and Winding Road to the "New High Consolidation Zone": BTC Navigates the Tightrope Between Capital Flows and MacroeconomicsFrom mid-March to the end of August, spanning over five months, the price of BTC oscillated repeatedly within the "new high consolidation zone," generating volatile market sentiment. During this period, global markets experienced volatile inflation and downward trends, ambiguous and clear expectations for US interest rate cuts, uncertain speculation about whether the economy would achieve a soft or hard landing, and significant market fluctuations triggered by different investors adjusting their positions as trends shifted

Bitcoin Price Plunges to $40,600: TD Sequence Signals Potential PullbackAn analyst has explained why Bitcoin could be headed for a decline to $40,600, based on a pattern appearing on the cryptocurrency's two-month chart. The pattern, known as the Tom Demark (TD) Sequence, is sending a sell signal, suggesting that Bitcoin has likely reached a peak

Recession or Top-Down Correction? Macro Data Analysis of the Crypto MarketWhile recession-mongering experts are abound, there are currently no clear signs of an economic recession. Instead, we see trends of increased government spending, currency depreciation, and global liquidity, which will continue until 2025, creating a favorable environment for risk assets, including cryptocurrencies

Bitcoin Drops Below $57,000, Over 75,000 Liquidated Across the Network, Crypto Market Panic IntensifiesOn September 4th, Bitcoin prices continued to decline, briefly falling below $57,000, marking a one-month low. Bitcoin has dropped over 4% in the past 24 hours, with other major cryptocurrencies like Ethereum also experiencing significant declines

Has the Crypto Market Bottomed Out? Opportunities Hidden Behind August's CorrectionAugust was undoubtedly a tough month for the crypto market, with Bitcoin (BTC) experiencing a 30% correction, from its high of $70,000 to a low of around $49,000. However, analysts predict that the decline below $50,000 may mark the bottom of the correction, with improvements expected in the final quarter of 2024