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Nooboo7
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Crypto Dear 369
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I don't have any stacking records, but why is this showing up instead of the "quiz" option in my learning schedule? 😭😭
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#NFPCryptoImpact Non-Farm Payrolls (NFP) is a key economic indicator in the U.S. that measures job growth, excluding farming jobs. It significantly impacts cryptocurrencies, especially Bitcoin, as it reflects the strength of the U.S. economy. A strong NFP report often strengthens the U.S. dollar, leading to reduced demand for crypto, which is seen as an alternative asset. Conversely, weak NFP data can weaken the dollar and boost crypto investments. Data shows a direct link between NFP surprises (better or worse than expected) and Bitcoin's volatility. For example, a disappointing NFP report in mid-2023 coincided with a 5% Bitcoin price surge. Crypto traders watch NFP closely to anticipate market swings.
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I got 0.52 $USDC from the Binance Square Christmas campaign.
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#OnChainLendingSurge On-chain lending has recently hit a milestone, with active loans surpassing $20 billion, breaking the previous record set in December 2021. This surge indicates increased liquidity and growing interest in decentralized finance (DeFi) platforms, where users can lend and borrow cryptocurrencies directly on the blockchain without intermediaries. The rise in on-chain lending reflects the expanding adoption of DeFi services and the maturation of the crypto market. However, it's essential to be aware of associated risks, such as smart contract vulnerabilities and market volatility, when participating in these platforms.
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Today's WOTD answer $BNB
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