BlackRock's spot #Bitcoin 💰 ETF did $1.1 billion in trading | Laraxen en Binance Square

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El ETF al contado de#Bitcoinde BlackRock 💰 obtuvo un volumen de operaciones de 1.100 millones de dólares hoy 👀 #Bitcoin  #BinanceTournament  

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VOTE AND GET 5 DOLLARS 💸🍀 Bitcoin Metrics Signal Weak Demand Dynamics, Growth Slows: CryptoQuant Growth in total holdings of large Bitcoin investors has also slowed from a monthly pace of 6% to 1%. Bitcoin demand has slowed since early April and dipped into negative territory this month, according to South Korean data firm CryptoQuant. On Wednesday, Bitcoin is trading at the $60,700 mark and has failed to hit $70,000. Growth in the total holdings of large Bitcoin investors has also slowed, from a monthly pace of 6% in March to just 1%, notes the research firm. “This slowdown in Bitcoin demand coincided with smaller purchases from spot ETFs in the USA. The average daily purchases from Bitcoin spot ETFs in the USA have declined from 12.5K Bitcoin in March, when Bitcoin was trading above $70K, to an average of 1.3K Bitcoin last week,” said CryptoQuant in its weekly note. Bitcoin Spot ETF Hype Falters in the U.S. The significant drop in ETF activity is a reflection of the reduced appetite for Bitcoin in the spot market. The decline in U.S. spot demand has also been reflected in the reduced price premium for Bitcoin on the Coinbase exchange, a leading U.S.-based cryptocurrency exchange. Lower premiums generally suggest that the demand pressure from buyers has weakened, contributing to the stagnation in Bitcoin’s price momentum. $BTC #Laraxenteam #laraxen #LaraxenFamily

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VOTE AND EARN 5 DOLLARS 💸🍀 Kamala Harris front gave green light: First statement on crypto The first sign of crypto came from the Kamala Harris front. The campaign's policy adviser, Brian Nelson, said Harris would support measures to help the crypto industry grow. Kamala Harris' policy adviser has announced that the presidential candidate will support measures to help the cryptocurrency sector grow. Asked about Harris' attempts to engage with the crypto community, Brian Nelson, the campaign's senior policy advisor, said, “It will support policies that will ensure emerging technologies and such industries continue to grow.” According to Bloomberg, Nelson talked about their meetings with industry representatives in the continuation of his words. “They said it was one of the issues they needed to be consistent with the rules,” Nelson said, pointing to Harris' speech last week, which laid out the essentials of economic policy. In his speech, Harris promised that he would focus on reducing unnecessary bureaucracy and unnecessary bureauctratic regulations when not specifically mentioning cryptocurrencies, and promoting innovative technologies while protecting consumers. Harris' rival, Donald Trump, fully embraced cryptocurrencies. When Trump takes office, he said he would loosen his crypto regulations, fire SEC chairman Gary Gensler, and make the U.S. a “Bitcoin superpower.” On the other hand, crypto companies have created $250 million in funds to support pro-crypto policying names. So far, $119 million has been spent. Crypto companies' spending is reportedly in second place among election spending. #Laraxenteam #laraxen #LaraxenFamily

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VOTE AND EARN 5 DOLLARS 🍀💸 How does the biggest employment revision in 15 years affect the Fed? The employment revision, which the markets are eagerly waiting for, was announced today with a delay of half an hour. Estimates by Goldman Sachs and Wells Fargo, the leading banking institutions of the USA, said that the downward revision would be between 600 thousand and 1 million. The Ministry of Labor reported this figure as 818 thousand. Accordingly, it turned out that 818 thousand fewer jobs were created than previously announced during the 12-month period until March 2024. Thus, this was the largest downward revision since 2009. The latest data showed that the labor market was not as strong as the Bureau of Labor Statistics, which is affiliated with the Ministry of Labor, announced. Thus, it put more pressure on the Fed to lower interest rates. “Investors should expect the Fed to prepare the markets for a rate cut in September,” said Jeffrey Roach, chief economist at LPL Financial. Navy Federal Credit Union corporate economist Robert Frick commented, “Revisions are not shocking, but this puts additional pressure for the Fed to lower interest rates.” With today's data, positions that the Fed will lower interest rates next month have increased. Investors expect interest rates to be reduced by 25 basis points next month. On the other hand, the probability of a discount of 50 basis points has also increased. Markets started to price the probability of this scenario at 30 percent. Eyes are now turned to Fed chairman Jerome Powell's speech at Jackson Hole on Friday. #laraxen #Laraxenteam #LaraxenFamily

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VOTE AND EARN 5 DOLLARS 🍀💸 "Revision" volatility in Bitcoin: Expected statement delayed Bitcoin and the markets are volatile with the delay of the employment figure revision to be announced today in the USA. This situation caused significant activity in the markets. Bitcoin first rose above 60 thousand dollars and then fell below 59 thousand 200 dollars. Wall Street analysts, on the other hand, say that this expected downward revision could go up to 1 million. Banking giants Goldman Sachs and Wells Fargo expect the U.S. economy to be announced creating 600 thousand to 1 million fewer jobs in the 12-month period dating back to the end of March. On the other hand, JPMorgan economists estimate that this figure will be around 360 thousand. If the figure is announced above 501 thousand, this will be the biggest revision of employment data in the last 15 years. A major overhaul could fuel concerns that the Fed has not cut interest rates in a timely manner.

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DEAR FOLLOWERS, WE HAVE ENTERED THE LAST 8 DAYS AT THE EVENT. ‼️ REGULAR VOTERS EVERY DAY WILL RECEIVE A REWARD WORTH $5 FOR EVERY DAY WHEN THE EVENT ENDS. 🍀🍀 I WILL DISTRIBUTE THE EARNINGS I MADE WITH NMR TO MY 5 FOLLOWERS AS $80. 💰 VOTE FOR ME WIN YOU 💸 THANK YOU FOR YOUR SUPPORT. 🥳 #Laraxenteam #LaraxenFamily #laraxen $NMR

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