$BTC is down due current market data is out, jobless numbers | Crypto Sufi on Binance Square

Trending Articles

Bookmarked and Liked

--

$BTC is down due current market data is out, jobless numbers  increases because of AI

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BTC

84,201.58

-0.20%

1.1k

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-64a8002bede2

Explore More From Creator

#FTXrepayment FTX rolled out a test phase, transacting 1 BTC. This began a range of repayments, as Crypto Rover confirms. FTX’s repayment move should be followed by an injection of around $16 billion in the crypto market. Following this move, Bitcoin showed an immediate price surge. Within 1 hour, the price increased by $2000. That’s not all. The altcoins also started gaining reasonable traction. Ethereum’s price improved by $150 in 1 hour, too. Meanwhile, the volume of Binance and Coinbase also increased by 20%. FTX starts With the Creditors First BitGo and Kraken are helping FTX with the repayment process. In the first round, FTX will pay off 162,000 claims out of 460,000 creditors. Who are these 162k creditors? FTX commented that people with claims less than $50,000 will be catered to first. In Nov 2022, FTX went bankrupt. After that, a long and arduous legal tussle ensued. Finally, FTX is ready to repay creditors. The Bigger Dues Those who expect over $50k will have to wait for the following pay-out rounds. If FTX’s sources are to be trusted, then bigger payments will start clearing from 2025 (Q2). All eyes are set on the date- 11th April. It is the projected date when FTX will declare actual dates of clearance of payments above 50k.

--

#ConsumerPrices #Inflationdata U.S. consumer prices rose by more than expected in January, pointing to lingering inflationary pressures that could bolster the case for the Federal Reserve to carefully approach future potential interest rate reductions. consumer prices increased by 3.0% in the twelve months to January, above expectations that the reading would match December's pace of 2.9%, according to Labor Department data on Wednesday. Month-on-month, the gauge unexpectedly accelerated to 0.5%, up from 0.4% in the prior month and faster than economists' expectations of 0.3%.

--

https://coinmarketcap.com/academy/article/why-is-bitcoin-down-today #MarketPullback

--

$APT A good return.

--

#USJobsSurge256K US job data Market is reacting ..

--

Latest News

Cryptocurrency Market Faces Misinformation Challenges, Analysts Warn

--

Ethereum(ETH) Drops Below 2,000 USDT with a Narrowed 0.51% Increase in 24 Hours

--

Federal Reserve's May Rate Decision Probabilities Analyzed

--

Wintermute Transfers 2.5 Million ORCA Tokens to Exchange Amid Price Drop

--

Market Enters Fifth Phase with Reduced Volatility, Says Trader

--

Cookie Preferences

Cookie Preferences