CAN240705P1000
- 0.03
- 0.000.00%
Canaan Newsroom
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Express News | The US stock market basically opened flat, with the Dow up 0.01%, the Nasdaq up 0.07%, and the S&P 500 index up 0.04%. Bitcoin once fell below $54,000, and crypto concept stocks fell across the board, with MicroStrategy and Marathon Digital down more than
Bitcoin Slumps to Four-month Low
Bitcoin remains in the outtray this week, with the world’s largest cryptocurrency slumping another 3% to bring week-on-week performance to a bruising -10%.
Wall Street On 'Wait-And-Watch' Mode Ahead Of Jobs Data, Bitcoin Plummets, Tesla Extends Climb: Analyst Flags 2 Factors That Pose Risk To Rally
U.S. index futures are trading in a listless manner, as traders look ahead to the all-important monthly non-farm payrolls data. ADP's private payrolls survey showed that job gains slowed more than exp
230,000 people blew up their positions! The virtual currency market plummeted across the board.
Only the risk that is invisible is a risk!
Express News | Analysis: Friday's non-farm payroll data may increase expectations for a rate cut to boost bitcoin prices.
Bitcoin Crashes to $53K, but Analysts Warn the Worst Isn't Over
Bitcoin crashed as low as $53,600 on Coinbase on July 5, the first time the asset has traded at this price since February, and analysts fear the worst is yet to come.
Express News | Jefferies Financial Group's leader: Dollar Collapse Will Benefit Bitcoin Holders.
Express News | eToro Analyst: Market needs catalysts like Ethereum ETF and rate cuts in September to boost prices.
Express News | According to Rekt Capital, the longer the consolidation period of bitcoin after the halving, the better the current cycle will resynchronize with the traditional halving cycle.
Cryptos have suffered a major drop across the board, what happened? It may be related to Binance's actions.
Recently, virtual currencies, led by Bitcoin, have entered a relatively complex stage. Moments ago, virtual currencies fell across the board. The price of Bitcoin fell to around $60,000, while Ethereum struggled to rise and retreated to around $3,300.
Major news from US politics! Biden to decide on August 4 whether or not to run. Standard Chartered Bank predicts a bull market for bitcoin if he drops out.
On August 4th, Biden will decide whether to run for president. Standard Chartered Bank stated that if he chooses to withdraw from the presidential race, it will push for a new round of bull market for Bitcoin.
Rumors of Biden dropping out this weekend? The market is pricing in this possibility, with the return of "Trump trade".
The global market has begun to quickly adjust investment portfolios in preparation for the "Biden withdrawal" and the return of the "Trump trade", including a strong US dollar, steep US bond curve, as well as the rise of banks, medical and energy stocks.
Is the "real correction" coming? Bitcoin briefly fell below 60,000.
BlackRock analysts warn that an "unprecedented" situation is unfolding...
Express News | Bitcoin fell below $60,000 per coin for the first time since June 25th, dropping 3.08% during the day.
Looking back at history: bitcoin may reach a new high this year!
CCData released a report stating that Bitcoin has not yet reached the peak of its current appreciation cycle, as the period of price expansion after the halving event has not yet passed. In addition, the launch of more crypto spot ETFs, such as Ethereum ETF, will further boost demand for cryptos.
Powell's latest statement: significant progress in controlling inflation, but refuses to reveal whether interest rates will be cut in September.
Despite avoiding political issues, Powell still emphasized that the huge fiscal deficit of the USA government is difficult to sustain.
"Trump trade" is making a comeback! Will cryptos become the next investment hotspot?
Standard Chartered Bank predicts that as the U.S. election approaches, bitcoin prices will reach $100,000. If Trump successfully takes the White House, the price of bitcoin may reach $150,000.
Bitcoin fell by 10% in the second quarter, and the "ETF frenzy" has subsided. Technology giants have already "run away".
Since reaching a historical high of $73,000 in March, bitcoin has been falling all the way. In the second quarter, the inflow of funds into bitcoin ETF fell by 80% month-on-month, reaching only $2.6 billion.
Will the launch of Ethereum spot ETF next week provide a boost for the long-dormant cryptos concept stocks?
According to Bloomberg, the hype around cryptocurrency ETFs has shifted from bitcoin to two tokens with relatively smaller market caps, ethereum and Solana.