NFP Crypto Impact: What to Know Non-Farm Payroll (NFP) is a monthly economic data report from the United States released by the Bureau of Labor Statistics (BLS). It impacts global financial markets, including crypto.
How Does NFP Affect Crypto? 1. *Price Changes*: NFP can affect crypto prices due to its link to the US dollar and inflation. 2. *Volatility*: NFP data that falls short of expectations can increase volatility in the crypto market. 3. *Monetary Policy*: NFP influences the Federal Reserve’s decision on interest rates, which impacts crypto prices.
Factors Affected by NFP 1. *Bitcoin (BTC)*: BTC prices may increase if NFP shows an economic downturn. 2. *Ethereum (ETH)*: ETH may be affected by BTC price changes. 3. *Altcoins*: Altcoins may experience high volatility after NFP release.
Tips for Facing NFP 1. *Monitor NFP data*: Check the BLS website for the latest data. 2. *Technical analysis*: Use technical indicators to predict price movements. 3. *Money management*: Manage risk with a good strategy. 4. *Avoid impulsive decisions*: Wait for confirmation before making a transaction.
Sources 1. Bureau of Labor Statistics (BLS) 2. CoinMarketCap 3. TradingView
Warning 1. Crypto investing is high risk. 2. NFP data is subject to change. 3. Consult a financial expert before making any decisions. #NFP#Crypto#Crypto#Economy#Investment#Risk#Volatility#Bitcoin#Ethereum#Altcoin
Bitcoin Analysis Today Bitcoin is currently priced at $94636.40, with a price change of 1.66% in the last 24 hours ¹. Technical analysis suggests a strong short-term buy signal, but keep in mind that the crypto market is highly volatile ².
Price Prediction Some analysts predict Bitcoin price to rise to $102,100 and $107,000 in the short term, but keep in mind that these predictions are not guaranteed ³.
Trading Advice - Buy at $89800-$94200 - Initial target: $97200 - Long target: $100800 - Use a good money management strategy to reduce risk
Warning The crypto market is highly volatile, and this analysis should not be taken as investment advice. Make sure you understand the risks before trading.
#BitcoinHashRateSurge Monday has been toba, bitcoin will start its real again to break through the new ath, what do you think? include your opinion in the comments. .
Choose a market that has high volatility but remains liquid (examples: forex, tech stocks, or crypto). Focus on instruments that you have mastered.
2. Use a Multi-Analysis Approach
Technical Analysis: Use indicators such as RSI, MACD, and Moving Average to identify entry and exit opportunities.
Fundamental Analysis: Make sure you understand the news or sentiment that affects the market. For example, financial reports, economic data, or policy announcements.
#BitwiseBitcoinETF 🚀 Bitwise Bitcoin ETF: The Future of Investment Innovation! 💡
Bitwise has officially launched the Bitcoin ETF, designed to make it easier for investors to access crypto assets like Bitcoin without the hassle of storing them directly. This ETF is a breakthrough that connects the world of traditional investment with the increasingly popular digital assets.
Why is Bitwise Bitcoin ETF Worth Considering?
1️⃣ Ease of Access: No need to have a digital wallet or understand blockchain technology. 2️⃣ Safe Regulation: Supervised by official authorities, providing a sense of security for investors. 3️⃣ Portfolio Diversification: Suitable for balancing
Bitwise Bitcoin ETF is an investment product that allows investors to gain exposure to Bitcoin without having to directly buy, store, or manage Bitcoin itself. This ETF is designed to be similar to buying stocks or mutual funds, making it an easier option for traditional investors to invest in Bitcoin.
Detailed Explanation:
1. What is an ETF?
ETF (Exchange-Traded Fund) is a financial product that is traded on a stock exchange, like a stock in general.
The value of an ETF reflects the price of the underlying asset, in this case Bitcoin.
2. Bitwise as an ETF Manager
Bitwise Asset Management is a company that manages cryptocurrency-related investment products, including crypto asset indices and ETFs.
Bitwise has strived to launch a Bitcoin ETF that is compliant with regulations, so that it can be accessed by investors in the regular stock market.
3. Advantages of Bitcoin ETF
Ease of Access: No need to understand the technicalities of storing Bitcoin or managing a digital wallet.
Security: Eliminates the risk of losing private keys or having your crypto wallet hacked.
Regulation: ETF products are typically overseen by a financial regulatory body, such as the SEC in the United States.
4. Status of Bitwise Bitcoin ETF
To date, many companies, including Bitwise, have applied to the SEC to launch Bitcoin ETFs in the US.
Some Bitcoin-based ETFs have been launched in other countries or in more specific forms, such as the Bitcoin Futures ETF.
5. How to Invest in Bitcoin ETFs (if available):
Open an account with a stockbroker that supports ETFs.
Bitcoin's current price is around $98,113, with a 0.07% increase ¹. Despite its recent price drop, analysts predict a potential rebound. The cryptocurrency's support level is at $96,000, and if it holds above this level, it may recover to $113,000 ².
Some key factors contributing to the potential rebound include:
- *Institutional Demand*: Bitcoin ETFs have accumulated $37 billion in assets under management, indicating growing institutional interest ². - *Market Structure*: Bitcoin's overall market structure remains bullish, with higher highs and higher lows ². - *Technical Indicators*: The AVIV Ratio, measuring unrealized profits, is currently low, suggesting potential for growth ².
However, there are also concerns about a further decline. Bitcoin's price has dropped 2% to trade at $95,081, with a 34% increase in daily trading volume ¹. The Relative Strength Index is below the 50-mean level, indicating waning bullish momentum ¹.
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.