LIVEDay Trader Ray
@raytrader
Wait this isn't grindr
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[From CoinMarketCap] $BTC $BNB $ETH
What Caused the Cryptocurrency Decline??
The drop in cryptocurrency prices, including Bitcoin, was primarily triggered by the latest Non-Farm Payroll data, which exceeded expectations by more than 20%. Additionally, wage increases saw a monthly rise of 0.4%, signaling persistent demand inflation. These economic indicators have raised concerns among investors and analysts alike.
How Is the Fed Reacting to Market Conditions?
The sudden decline in BTC has cast doubt on whether the Federal Reserve will proceed with a rate cut before December. The market is now divided, with half of investors predicting a rate cut in September. This uncertainty could lead to volatile movements in the cryptocurrency market, especially if significant net outflows are observed in ETF channels post-market close.
What Caused the Cryptocurrency Decline??
The drop in cryptocurrency prices, including Bitcoin, was primarily triggered by the latest Non-Farm Payroll data, which exceeded expectations by more than 20%. Additionally, wage increases saw a monthly rise of 0.4%, signaling persistent demand inflation. These economic indicators have raised concerns among investors and analysts alike.
How Is the Fed Reacting to Market Conditions?
The sudden decline in BTC has cast doubt on whether the Federal Reserve will proceed with a rate cut before December. The market is now divided, with half of investors predicting a rate cut in September. This uncertainty could lead to volatile movements in the cryptocurrency market, especially if significant net outflows are observed in ETF channels post-market close.
