Bitcoin holds steady as Fed chair Powell hints at rate cuts in September, says no plans for CBDC

Federal Reserve Chair Jerome Powell suggested on Wednesday that the central bank might reduce interest rates at its upcoming September meeting if the current trend of easing inflation continues. This announcement comes as recent data indicates a decline in inflation closer to the Fed’s 2% target, while unemployment has risen slightly above 4%.

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Bitcoin surges above $60,000 following jobs report

Quick Take Trading Economics data shows that the unemployment rate edged up to 3. 9% in April, surpassing expectations of holding steady at 3. 8%. Unemployment has been below 4% since February 2022.

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UK jobs surprise with lower unemployment and higher wages, stoking inflation concerns ahead of key report

Quick Take Recent UK jobs data released this morning indicated unexpected heat—unwanted by the Bank of England (BOE). According to Trading Economics, the unemployment rate defied consensus, arriving at 4.

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Bitcoin holds above $34K despite surprise uptick in US unemployment

Quick Take The latest U. S. jobs data reflected a perceptible deviation from consensus expectations, leading to subtle reverberations in the crypto market. The unemployment rate for October was anticipated to hold steady at 3.

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UK skates toward stagflation as unemployment, inflation rise and economic growth falters

Quick Take The United Kingdom’s economy is on a concerning trajectory toward stagflation, a condition characterized by high unemployment, elevated inflation, and stagnant economic growth. Based on recent data, the unemployment rate has risen to 4.

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Why some countries adopt crypto while others don’t

Data shows that larger populations, available labor, high unemployment, and electricity access drive crypto adoption. Discover why some countries eagerly adopt digital assets while others hesitate.

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Historical yield curve analysis for peak US unemployment rate

Quick Take Based on historical data from the past three recessions (excluding the effects of COVID-19), peak unemployment can take up to 40 months or longer to manifest following the initial inversion of the yield curve.

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Unemployment rate stays at historic lows, Bitcoin jumps 1.5%

Quick Take Data from Zerohedge on U. S. data June nonfarm payrolls 209K, Exp. 230K, Last 339K Unemployment rate 3. 6 %, Exp. 3. 6%, Last 3. 7% Average hourly earnings 0. 4%, Exp. 0. 3%, Last 0.

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U.S. unemployment rate comes in at 3.7%, Bitcoin holds $27K

Quick Take The U. S. unemployment rate broke the expected 3. 5%, coming in at 3. 7%. May nonfarm payrolls were projected at 190,000, but instead came in at +339,000. The data above shows a robust and resilient job market.

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Eurozone inflation data trends for core CPI, unemployment remain strong

Quick Take Eurozone data continues to emerge today, with key economic indicators maintaining their trends. Euro area unemployment was at 6. 5% in April 2023, a historically low. Europe’s Core CPI (YOY) eased more than expected but stayed elevated at 5.

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Bitcoin Lingers Below $26.5 Amid Debt Ceiling Worries

Unemployment and productivity data arrived stronger than expected but investors seemed focused narrowly on the ongoing negotiations that will determine if the U.S. government has to default on its debts.

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Market has started to price in a 10% chance of a 25bps rate hike, due to jobs data

Quick Take The U. S. unemployment rate moves down to 3. 4%, the lowest level since 1969. Payroll data came in at 253,000, with an expectancy of 185,000. The market is currently pricing in a pause, but 25bps was not considered before today; now, there is a 10% chance.

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Jobs report fuels speculation of impending interest rate hike

Quick Take On the news of today, job report, and unemployment data, the market is now pricing in a 70% chance of a 25bps rate hike. This would take the federal funds rate above 5%. The market now expects a 25bps hike in May, a pause in June, and a 25bps cut in July.

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Bitcoin trades steady following lower unemployment than expected in jobs data

Bitcoin held steady following a near miss on expected jobs added. On the release of employment data, the leading cryptocurrency recorded a 0. 5% swing in the 13:30 (BST) 15-minute candle, topping out at $27,980.

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Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps

Quick Take +311k jobs created vs.

The post Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps appeared first on CryptoSlate.

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Bitcoin slips amid market reaction to US jobs report

Bitcoin price fell slightly to retest support near $23,250 on Friday. The top cryptocurrency’s price action mirrored early trades on Wall Street as the market reacted to US economic data. The US added 517,000 jobs, against an estimated 188,000 and unemployment fell to 53-year low of 3.

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Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K

A hint of BTC price volatility accompanies non-farm payrolls and unemployment figures, with the U.S. dollar dropping to favor Bitcoin bulls.

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Strong Labor Data Suppresses Bitcoin And Polkadot Price Action While Oryen Network Capital Influx Remains Unaffected

The Labor Data The statistics for US jobs were posted, which is a mixed bag. In July of this year, half a million positions were created, signaling that growth is still strong. September jobs growth cooled off, but the unemployment rate dropped, causing the Federal Reserve (FED) to likely raise interest rates by 0.

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Bitcoin price gives up key trend line as US jobs data deals 5% losses

A snap unemployment report sparks an instant risk asset sell-off, with BTC price action staying below $20,000 since.

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Bitcoin And Jobs: How Crypto Might Be Affected By Drop In US Employment Openings

There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market. The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.

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$29K Bitcoin is closer than you might expect, according to derivatives data

Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies.

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Market highlights November 19: Cryptos decline, Nvidia’s gain pushes NASDAQ up

Markets wavered yesterday as investors digested US employment data that showed unemployment reaching near… The post Market highlights November 19: Cryptos decline, Nvidia’s gain pushes NASDAQ up appeared first on Coin Journal.

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Dotcom 2.0? Nasdaq Closes Above 11,000 for the First Time Ever

The Nasdaq Composite Index (IXIC) broke its all-time high on Thursday, closing over 11,000 for the first time ever. The main driver for the push into uncharted territory appears to be an improvement in unemployment data.

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Bitcoin Triggers First Sell Signal Since Last Month While S&P 500 Moves Closer to ATH

Today, the markets have been extending the losses from yesterday. Not just bitcoin but stocks also started by incurring losses despite better than expected retail sales and stable unemployment data, but as economist and trader Alex Kruger said, “the market has stopped reacting to it in the past few weeks.” What has been affecting the […]

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As Jobless Claims Soar, Bitcoin’s Mid-Term Outlook Remains Gloomy

The United States has seen rocketing unemployment, and it does not appear that this trend is slowing down even as many states and cities begin reopening This signals that the recent shutdowns have done severe damage to the economy, despite the stock market sitting around its all-time highs New data shows that although the number of new jobless claims has dipped slightly in recent times, its decline has not yet been emblematic of any sort […]

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Will the Fed’s New $2.3 Trillion of Credit Affect Bitcoin?

In response to the disastrous unemployment data, the Fed will lend an additional $2. 3 trillion directly to cities, states, and mid-sized businesses. These expansions are often seen as a catalyst...The post Will the Fed’s New $2.

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Dow Jones in Denial as Gut-Wrenching Unemployment Data Hits

The Dow Jones has bounced 25% off its lows in a desperate relief rally. Are investors in denial after yet another devastating unemployment report. The post Dow Jones in Denial as Gut-Wrenching Unemployment Data Hits appeared first on CCN.com

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Friday’s Unemployment Report is Just the Tip of a Terrifying Iceberg

The dismal unemployment data out this week doesn't paint a full picture of the state of the labor market as more layoffs are announced. The post Friday’s Unemployment Report is Just the Tip of a Terrifying Iceberg appeared first on CCN.com

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Unemployment Nightmare Lurches Economy into Depression-Era Scenario

Nightmarish unemployment data fuels speculation that recovering from the coronavirus-induced recession will take longer than expected. The post Unemployment Nightmare Lurches Economy into Depression-Era Scenario appeared first on CCN.com

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Dow Winning Streak Hits 3 as U.S. Suffers Historic Unemployment Crisis

The Dow Jones Industrial Average (DJIA) rallied for a third straight day as the U.S. stock market ignored the worst jobless claims data ever. The post Dow Winning Streak Hits 3 as U.S. Suffers Historic Unemployment Crisis appeared first on CCN.com

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Google Data Hints Coronavirus May Trigger a U.S. Housing Market Crash

Google Trends data hints at a worrying trend for the U.S. housing market as searches suggest unemployment is on the rise. The post Google Data Hints Coronavirus May Trigger a U.S. Housing Market Crash appeared first on CCN.com

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Dow Futures Jump Thanks to China Data But There’s Danger Ahead

Futures on the Dow Jones Industrial Average (DJIA) are up Friday thanks to strong Chinese PMI data. China’s economy is not on track just yet as there are contradictory data points coming out of the country.

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Freelanex ICO

Freelanex is a decentralized platform which provides an environmental system on Blockchain. It represents a unique opportunity for approaching bargains by using a decentralized System with smart contracts, through an interface user friendly.

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