Analysis: Bitcoin showed no clear directional trend before the non-farm payroll release, and the crypto market remains relatively calm.

BTC0,3%
SOL0,78%
ETH0,27%
BNB-0,09%

Odaily Planet Daily News: The US non-farm payroll report is about to be released, and the Federal Reserve’s rate decision committee will also be closely watching this report. According to FactSet, the US economy may have added 55,000 jobs in December, with the unemployment rate expected to decrease from 4.6% to 4.5%. Weak economic data will reinforce expectations of further rate cuts, potentially leading to a weakening dollar and pushing up the prices of risk assets including Bitcoin. Before the non-farm payroll announcement, Bitcoin showed no clear directional trend, with a 24-hour increase of 0.2%. The crypto market remains relatively calm, with the exception of SOL, which rose 2.8% in the past 24 hours. ETH and BNB did not experience significant fluctuations. (CoinDesk)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Galaxy Digital Transfers Out 700 BTC Again, Recent Cumulative Transfer Exceeds 2000

Gate News reports that on March 21, Galaxy Digital transferred out 700 BTC again. Previously, the institution had transferred over 1,346 BTC within hours on March 17. The cumulative outflow in recent days has exceeded 2,000 BTC.

GateNews11m ago

Quantum Risk with Bitcoin: Real Threat but Not Yet Comprehensive

The risk from quantum computing to Bitcoin investors is real, but not every wallet is vulnerable — and those with the capacity to address this issue are taking proactive steps, according to Galaxy Digital analyst Will Owens. Owens believes that in theory, quantum computers could potentially break the cryptographic security that underpins Bitcoin.

TapChiBitcoin1h ago

Crypto ETFs Struggle Again: Bitcoin Loses $90 Million, Ether $136 Million

Crypto ETFs remained under pressure on Thursday, with bitcoin and ether posting another round of outflows. Solana offered a rare bright spot, while XRP activity stayed flat. Solana Bucks Trend as Bitcoin, Ether ETFs See Fresh Outflows The mood around crypto ETFs remains cautious. Another day, a

Coinpedia3h ago
Comment
0/400
No comments