● Bitcoin breaks through $61,000, Ethereum breaks through $2,600
According to BlockBeats, Bitcoin once again broke through $61,000 this morning, and Ethereum broke through $2,600.
● Mt.Gox: has repaid more than 19,000 creditors
According to BlockBeats, Mt.Gox officially announced that after multiple repayments in July 2024, according to the compensation plan, it had repaid some creditors in the form of BTC and BCH through some designated cryptocurrency trading platforms on August 21, 2024. So far, Mt.Gox has repaid more than 19,000 creditors.
● 10x Research: Powell's speech on Friday may boost assets such as stocks and Bitcoin
According to Odaily Planet Daily, 10x Research said in its latest analysis that Bitcoin has risen 4% since yesterday, consistent with its bullish outlook. Bitcoin has made a decisive move upward, breaking out of the symmetrical triangle pattern, which suggests there may be further upside potential.
Powell's upcoming speech on Friday is expected to reinforce this dovish outlook, which could boost risk assets such as stocks and Bitcoin as monetary policy provides a favorable backdrop. The Fed's focus is shifting to employment when making decisions, and inflation data becomes less important, especially as CPI trends toward 2.5% in the coming months. Multiple rate cuts may be needed to maintain the current economic expansion.
● Fed minutes: "The vast majority of members" believe a September rate cut may be appropriate
According to BlockBeats, on August 22, the minutes of the Federal Reserve meeting showed that "the vast majority of members" believed that a rate cut in September might be appropriate. The upside risk to inflation has been reduced. Almost all members believe that the decline in inflation will continue. However, the downside risk to employment is believed to have increased.
● U.S. Bureau of Labor Statistics: U.S. non-farm payrolls in March 2024 revised down by 818,000
According to Odaily Planet Daily, the U.S. Bureau of Labor Statistics said that the preliminary estimate of the annual benchmark revision showed that the total number of non-farm employment in the United States in March 2024 was revised down by 818,000, a downward revision of 0.5%.
According to Jinshi, the U.S. Bureau of Labor Statistics released the 2024 first quarter employment and wage census report. In March 2024, the total number of employed people in the 370 largest counties in the United States was 153,585,600, a year-on-year increase of 1.3%. In the first quarter of 2024, the average weekly wage in the United States rose to $1,527, a year-on-year increase of 4.2%.
