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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

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

Is a Bitcoin Rebound Looming After Recent Plunge? A Deep Dive into the Causes of the Decline and the Golden Period for a Potential Rebound! In the ever-volatile digital currency landscape, every Bitcoin fluctuation sends ripples throughout the global investor community. Recently, Bitcoin has experienced an unexpected downturn

Gold Prices Hit All-Time Highs, Central Banks Go on Buying Spree, But Bitcoin Still Leads the PackDuring the first half of 2024, global central bank gold purchases reached a record high of 483 tons, driving gold prices to unprecedented levels. This staggering figure represents a 5% increase from the previous record of 460 tons set in the first half of 2023, with central bank gold purchases in the second quarter alone surging 6% year-on-year to 183 tons

Bitcoin Long-Term Holders Realized Market Cap Surpasses $10 Billion, Indicating Growing Market ConfidenceAccording to Odaily Planet Daily, CryptoQuant analyst Amr Taha noted: "The realized market cap of long-term holders has exceeded $10 billion for the first time." This data signifies that this group has collectively spent $10 billion to acquire BTC, and this metric considers the last sale price of each BTC

Ethereum's $2,860 Support Holds Strong, Deribit Predicts Rise to $4,500August 1st, 2023 - Crypto derivatives exchange Deribit, in a recent report, stated that Ethereum's solid $2,860 support level suggests a potential surge to $4,500. The report highlights that the $2,860 support has withstood multiple tests since July 5th, with market focus currently centered on Ethereum

Fed Rate Cut Expectations Rise, Financial Markets Diverge: Crypto Under Pressure, Gold Hits New HighBitcoin (BTC), cryptocurrencies, and broader financial markets were broadly under pressure in early trading on Friday, with some analysts attributing the decline to profit-taking after a rally fueled by the Japanese yen early last week. However, spot gold continued its stellar run, breaking through $2,500

Morgan Stanley Enters Bitcoin Spot ETF, Ethereum Rebound, XRP Holds Key SupportMorgan Stanley Advisors will begin offering a Bitcoin spot exchange-traded fund (ETF) to its clients starting Wednesday, August 7, a move that has sparked significant market interest. Meanwhile, Bitcoin has broken through the $57,000 mark, Ethereum is poised to return to $3,000, and XRP is holding strong above $0

BlackRock ETF Holdings Surpass Grayscale, ETH Short-Term Trend AnalysisOn August 16, according to Arkham monitoring, BlackRock's ETFs IBIT and ETHA surpassed Grayscale's ETFGBTC, BTCMini, ETHE, and ETHMini in on-chain holdings. BlackRock ETFs are now the largest in terms of holdings among all ETF issuers, holding approximately $21,217,107,987 worth of ETH and Bitcoin

The crypto market is experiencing a cold snap, with Bitcoin leading the decline, causing over 60,000 liquidations and losses exceeding $156 millionThe crypto market has once again failed to escape a downturn. On Monday, the entire market experienced a significant decline, with Bitcoin (BTC), the leading cryptocurrency, dropping nearly 4% in the past 24 hours

Ethereum: Still Holds Enormous Potential Despite Recent UnderperformanceWhile Ethereum's recent market performance has fallen short of expectations, many experts remain bullish on its future prospects. Since the beginning of 2023, ETH has significantly underperformed SOL, and has fallen 47% against BTC over the past two years

Morgan Stanley's Second-Quarter Holdings Exposed: Increased Stakes in Apple and Microsoft, New Position in Bitcoin ETFMorgan Stanley recently filed its Form 13F with the Securities and Exchange Commission (SEC), disclosing its holdings as of June 30, 2024. The report shows that the fund's total market value of holdings was $1