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Non-farm Payroll Data to be Revealed Tonight! Can Bitcoin Hold $56,000?The highly anticipated non-farm payroll data will be released at 8:30 PM tonight, significantly impacting Bitcoin's future trajectory. Last night's ADP report, a precursor to the non-farm data, showed a slowdown in job growth, further confirming a cooling job market and favoring a Fed rate cut

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

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

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 Plunges to One-Month Low as Traders Await Nonfarm Payrolls DataSINGAPORE, Sept. 4 (Caixin) - Bitcoin hovered near a one-month low on Thursday, as economic concerns triggered a broad sell-off in global risk assets

New York Market Bitcoin Futures Update: CME Price Fluctuations and Economic News CrosscheckIt is worth noting that at 18:05 Beijing time, Bitcoin price once hit a new low of USD 58,000, which triggered widespread market attention. This price fluctuation not only reflects the general market concern about cryptocurrencies, but also reflects the complexity and uncertainty of the cryptocurrency market

Elon Musk's "DOGE" Response to Trump Cabinet Nomination Sends Dogecoin Price Soaring Nearly 6%

Ethereum: Once a King, Now at a CrossroadsOnce a shining star, Ethereum is now facing numerous challenges. Despite its past glory, many old supporters still harbor dreams about its future, explaining the lingering loyalty some have for it

ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline

Bitcoin Panic: Will September 5th Bring Another Crash?Bitcoin plunged 8.6% in August, making it the second worst monthly closing of 2024, only behind April's 14

Will Ethereum Price Break $2,800? Analyst: Rise to $3,600 is Not Out of the QuestionAccording to Cointelegraph, Ethereum price charts are currently showing a potential rise to levels not seen since the launch of the first spot Ethereum ETF in July. However, analysts say a weekly close above $2,800 is necessary to confirm this move