Crypto Markets Analysis: Bitcoin and ether shrugged off the latest disappointing jobs data. They have also decoupled from equity markets. GWilliamsJr_CMT reports
Bitcoin and ether shrugged off the latest data showing the U.S. job market remains stubbornly strong.
Unemployment claims remain almost identical to where they were in January, defying the U.S. Federal Reserve’s efforts to cool labor markets. Tight labor markets have historically kept wages high, which is a key inflationary factor. The central bank’s uncertainty in recent months about how to account for the strong jobs data as it considers interest rate hikes has roiled financial markets.
Ether has joined bitcoin in trading in a narrow range, a sign that the recent spate of volatility for both is beginning to wane. While still at levels last seen in August and November, the Average True Range for both assets has begun a decline from their recent peaks.The decline in ATR aligns with a reduction in trading volume. Volume can often indicate who has the loudest voice in the room among bullish and bearish investors.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trading Ranges for Bitcoin, Ether Reflect Diverging Views About the AssetsCrypto Markets Analysis: Bitcoin hit a “higher low” on Wednesday, suggesting investors in the largest crypto by market cap remain upbeat about the asset, but ether’s “lower low” may reflect bearish concerns. GWilliamsJr_CMT writes
Lire la suite »
Fidelity Crypto quietly went live, giving millions of retail customers access to bitcoin, etherFidelity Investment's crypto arm, Fidelity Digital Assets, launched commission-free trading on the two largest assets by market cap in crypto to all users (old and new) recently.
Lire la suite »
Bitcoin dips below $25,000 after rallyBitcoin, Ether, and other cryptos are down on Wednesday morning.
Lire la suite »
Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin – News Bitcoin NewsEl Salvador ranks amongst the countries most interested in learning about bitcoin and its uses, according to a recent study made by Crypto Betting, a decentralized gaming portal.
Lire la suite »
Bitcoin Becomes 12th Largest Asset Worldwide by Valuation, Surpassing Visa – Market Updates Bitcoin NewsOut of the 7,316 assets worth more than $82 trillion in value, bitcoin is the 12th largest asset worldwide by valuation.
Lire la suite »
Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000 – Market Updates Bitcoin NewsBitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior.
Lire la suite »