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#WeAreAllSatoshi #SECAppealRipple
Will Ripple and SEC Reach Settlement in 14 Days?
The U.S. Securities and Exchange Commission (SEC) has filed an appeal challenging Judge Torres’s ruling from July 2023, which favored Ripple by clarifying that XRP does not classify as a security for programmatic sales.
The appeal is now with the U.S. Court of Appeals, leading to fresh speculation about the possibility of a settlement between Ripple and the SEC during the 14-day appeal window.
An XRP enthusiast shared on social media platform X that the SEC might be pushing for a higher penalty than the original $125 million. However, former SEC lawyer Marc Fagel dismissed this notion, stating that the appeal isn’t about the penalty.
He emphasized that there’s no realistic basis for a settlement, pointing out that the SEC had pursued an interlocutory appeal a year ago regarding programmatic sales, showing their consistency on the issue.
Attorney Bill Morgan provided additional clarity, stating that the SEC has only filed a notice of appeal, not a formal one yet. This leaves room for potential negotiations between the SEC and Ripple. Morgan noted that while settlement is technically possible within the 14-day window, the ideological gap between the two parties makes it unlikely. $XRP
Will Ripple and SEC Reach Settlement in 14 Days?
The U.S. Securities and Exchange Commission (SEC) has filed an appeal challenging Judge Torres’s ruling from July 2023, which favored Ripple by clarifying that XRP does not classify as a security for programmatic sales.
The appeal is now with the U.S. Court of Appeals, leading to fresh speculation about the possibility of a settlement between Ripple and the SEC during the 14-day appeal window.
An XRP enthusiast shared on social media platform X that the SEC might be pushing for a higher penalty than the original $125 million. However, former SEC lawyer Marc Fagel dismissed this notion, stating that the appeal isn’t about the penalty.
He emphasized that there’s no realistic basis for a settlement, pointing out that the SEC had pursued an interlocutory appeal a year ago regarding programmatic sales, showing their consistency on the issue.
Attorney Bill Morgan provided additional clarity, stating that the SEC has only filed a notice of appeal, not a formal one yet. This leaves room for potential negotiations between the SEC and Ripple. Morgan noted that while settlement is technically possible within the 14-day window, the ideological gap between the two parties makes it unlikely. $XRP
$PEPE PEPE 40% Price Surge Hits $95 Million Obstacle: What’s Next
Blockchain analytics platform Spotonchain disclosed that Hayes went on to buy 24.39 billion PEPE valued at $252,000. Transactions of such volume or magnitude by renowned personalities in the crypto market often attract attention and could sway traders.
PEPE isn’t the only meme coin surging today. Leading tokens in the sector, including DOGE, SHIB, WIF, FLOKI, and BONK, are also experiencing notable gains, reflecting the current sentiment in the broader market.
$PEPE
Blockchain analytics platform Spotonchain disclosed that Hayes went on to buy 24.39 billion PEPE valued at $252,000. Transactions of such volume or magnitude by renowned personalities in the crypto market often attract attention and could sway traders.
PEPE isn’t the only meme coin surging today. Leading tokens in the sector, including DOGE, SHIB, WIF, FLOKI, and BONK, are also experiencing notable gains, reflecting the current sentiment in the broader market.
$PEPE
#BTCPredictedNewATH #moonbix #BTCReboundsAfterFOMC
Pepe Price Prediction: How Soon Can PEPE Price Jump 100% to $0.00002?
Pepe price has shown resilience amid market fluctuations, experiencing a 6.1% increase over the past week despite a 5.4% dip in the last 24 hours. With a neutral market sentiment and significant technical levels in play, Pepe price’s future movements could see substantial gains if key resistances are overcome.
.Technical Analysis: Pepe price is currently trading just below its 50-day EMA and 200-day EMA, signaling a moderately bearish outlook for the short to medium term. The recent price corrections have placed the token in a downward trajectory within a descending channel, with technical indicators suggesting that a breakout above these EMAs would be necessary for any significant recovery in buying momentum.
PEPE Price Predictions: By the end of August 2024, Pepe price could potentially reach the $0.00002 mark if it manages to break through critical resistance levels, such as the 50-day and 200-day EMAs. This upward movement would indicate a continuation of the rally observed earlier in the year, marking a significant milestone for the token and its investors.$$PEPE
Pepe Price Prediction: How Soon Can PEPE Price Jump 100% to $0.00002?
Pepe price has shown resilience amid market fluctuations, experiencing a 6.1% increase over the past week despite a 5.4% dip in the last 24 hours. With a neutral market sentiment and significant technical levels in play, Pepe price’s future movements could see substantial gains if key resistances are overcome.
.Technical Analysis: Pepe price is currently trading just below its 50-day EMA and 200-day EMA, signaling a moderately bearish outlook for the short to medium term. The recent price corrections have placed the token in a downward trajectory within a descending channel, with technical indicators suggesting that a breakout above these EMAs would be necessary for any significant recovery in buying momentum.
PEPE Price Predictions: By the end of August 2024, Pepe price could potentially reach the $0.00002 mark if it manages to break through critical resistance levels, such as the 50-day and 200-day EMAs. This upward movement would indicate a continuation of the rally observed earlier in the year, marking a significant milestone for the token and its investors.$$PEPE
#BinanceLaunchpoolHMSTR #CATIonBinance #SpotGoldATH #Write2Earn!
Telegram-based games like Hamster Kombat are transforming user engagement within the TON ecosystem, making the complex world of crypto more accessible and enjoyable. These tap-to-earn games simplify blockchain interactions, attracting a broader audience through their engaging, straightforward mechanics.
Merging gaming with crypto rewards, Hamster Kombat advances greater adoption and understanding of decentralized technologies.
Over the next five years, games like Hamster Kombat could greatly improve user participation, drive mass adoption of blockchain technology, and catalyze growth within the ecosystem. As more users join Hamster Kombat and similar platforms, we can expect a surge in transactions, increased market capitalization, and a robust, vibrant community that is both educated and invested in the future of crypto.
$This gamified approach to blockchain engagement could very well be the key to unlocking widespread acceptance and integration of cryptocurrency in everyday life. $$HMSTR
Telegram-based games like Hamster Kombat are transforming user engagement within the TON ecosystem, making the complex world of crypto more accessible and enjoyable. These tap-to-earn games simplify blockchain interactions, attracting a broader audience through their engaging, straightforward mechanics.
Merging gaming with crypto rewards, Hamster Kombat advances greater adoption and understanding of decentralized technologies.
Over the next five years, games like Hamster Kombat could greatly improve user participation, drive mass adoption of blockchain technology, and catalyze growth within the ecosystem. As more users join Hamster Kombat and similar platforms, we can expect a surge in transactions, increased market capitalization, and a robust, vibrant community that is both educated and invested in the future of crypto.
$This gamified approach to blockchain engagement could very well be the key to unlocking widespread acceptance and integration of cryptocurrency in everyday life. $$HMSTR
#BTCReboundsAfterFOMC
Steps to Storing Cryptocurrency in an Exchange
Step 1: Check out several crypto exchanges. You want to go with an exchange that supports a wide range of cryptos, has a good user experience (UX), and is supported in your country.
Step 2: Open an account with your preferred exchange. Account opening usually takes around five minutes. However, you’ll need to satisfy the exchange's know your customer (KYC) requirements.
Step 3: Complete the KYC requirements. Submit personal information like an email address, phone number, and legal name. You may be asked to provide a utility bill, government-issued ID, or other supporting documents to verify you’re a real person.
Step 4: Deposit your crypto. You can safely store your crypto after setting up your wallet. Depositing crypto requires a wallet address, often within your preferred crypto's transaction page. To get the wallet address you need, simply search for a string of 40 alphanumeric characters anywhere on the screen or initiate a deposit transaction and it should appear.
$BTC
Steps to Storing Cryptocurrency in an Exchange
Step 1: Check out several crypto exchanges. You want to go with an exchange that supports a wide range of cryptos, has a good user experience (UX), and is supported in your country.
Step 2: Open an account with your preferred exchange. Account opening usually takes around five minutes. However, you’ll need to satisfy the exchange's know your customer (KYC) requirements.
Step 3: Complete the KYC requirements. Submit personal information like an email address, phone number, and legal name. You may be asked to provide a utility bill, government-issued ID, or other supporting documents to verify you’re a real person.
Step 4: Deposit your crypto. You can safely store your crypto after setting up your wallet. Depositing crypto requires a wallet address, often within your preferred crypto's transaction page. To get the wallet address you need, simply search for a string of 40 alphanumeric characters anywhere on the screen or initiate a deposit transaction and it should appear.
$BTC
#mememcoinseason2024 #CATIonBinance
Memecoin Sensation Popcat Hits New All-Time High After Surge To $1
Popcat, the latest Solana-based memecoin sensation, has crowned itself as one of the best-performing cryptocurrencies in the market. The memecoin has stolen the spotlight following its 117% surge throughout Q3, outperforming other well-established tokens in the sector.
POPCAT Hits $1 Billion Market Cap Status
Memecoins
Memecoins became the leading sector during this cycle, with many tokens outperforming most altcoins over the last few months. At the front of the frenzy, dog-themed tokens like dogwifhat (WIF) stole the spotlight during Q1 and Q2. However, a feline rival is challenging its spot as Solana’s best-performing memecoin.$SOL
Memecoin Sensation Popcat Hits New All-Time High After Surge To $1
Popcat, the latest Solana-based memecoin sensation, has crowned itself as one of the best-performing cryptocurrencies in the market. The memecoin has stolen the spotlight following its 117% surge throughout Q3, outperforming other well-established tokens in the sector.
POPCAT Hits $1 Billion Market Cap Status
Memecoins
Memecoins became the leading sector during this cycle, with many tokens outperforming most altcoins over the last few months. At the front of the frenzy, dog-themed tokens like dogwifhat (WIF) stole the spotlight during Q1 and Q2. However, a feline rival is challenging its spot as Solana’s best-performing memecoin.$SOL
#CathieWood #BinanceLaunchpoolHMSTR
Top Cryptocurrency to Buy Before It Soars 6,200%, According to Cathie Wood of Ark Investor
Wood sees several possible sources of Bitcoin's growth. Her single biggest factor is the view that Bitcoin is a digital form of gold. It's becoming a store of value that can be used to hedge against inflation and currency devaluation. She sees a shift in sentiment.
Bitcoin is moving from a speculative investment to a vehicle of wealth protection, pointing to the banking crisis of 2023 that saw a surge in money moving into Bitcoin. During times of crisis and uncertainty, people tend to move money out of what they see as risky assets and into safer ones.$ETH $BTC
Top Cryptocurrency to Buy Before It Soars 6,200%, According to Cathie Wood of Ark Investor
Wood sees several possible sources of Bitcoin's growth. Her single biggest factor is the view that Bitcoin is a digital form of gold. It's becoming a store of value that can be used to hedge against inflation and currency devaluation. She sees a shift in sentiment.
Bitcoin is moving from a speculative investment to a vehicle of wealth protection, pointing to the banking crisis of 2023 that saw a surge in money moving into Bitcoin. During times of crisis and uncertainty, people tend to move money out of what they see as risky assets and into safer ones.$ETH $BTC
#BinanceLaunchpoolHMSTR
How to Earn Hamster Kombat (HMSTR) on Binance Launchpool
Hamster Kombat has quickly become the most popular Web3 interactive game of all time. Since the introduction of Notcoin, the trajectory of these Telegram bot-based project has skyrocketed. Hamster Kombat claims to be the third-fastest app in history to reach 150 million users, trailing only Pokémon Go.
$HMSTR is Hamster Kombat's native utility token and is used in the following functions:🔺In-game currency: Purchase in-game items (E.g. character skins) , upgrades & services (E.g. Premium support assistance, community tools & SDK for game developers.).
Let's see how you can claim Your Free $HMSTR 💈 Hamster On Binance Launchpool
🔸Token Name: Hamster Kombat (HMSTR)
🔹Max Token Supply: 100,000,000,000 HMSTR 🔸Launchpool Token Rewards: 3,000,000,000 HMSTR (3.00% of total supply)
🔸Smart Contract Details: TON
🔹Staking Terms: KYC required
⚡ Hourly Hard Cap per User: 🔸3,541,666.66 HMSTR in BNB pool
🔹625,000 HMSTR in FDUSD pool$TON
$SOL $ICP
How to Earn Hamster Kombat (HMSTR) on Binance Launchpool
Hamster Kombat has quickly become the most popular Web3 interactive game of all time. Since the introduction of Notcoin, the trajectory of these Telegram bot-based project has skyrocketed. Hamster Kombat claims to be the third-fastest app in history to reach 150 million users, trailing only Pokémon Go.
$HMSTR is Hamster Kombat's native utility token and is used in the following functions:🔺In-game currency: Purchase in-game items (E.g. character skins) , upgrades & services (E.g. Premium support assistance, community tools & SDK for game developers.).
Let's see how you can claim Your Free $HMSTR 💈 Hamster On Binance Launchpool
🔸Token Name: Hamster Kombat (HMSTR)
🔹Max Token Supply: 100,000,000,000 HMSTR 🔸Launchpool Token Rewards: 3,000,000,000 HMSTR (3.00% of total supply)
🔸Smart Contract Details: TON
🔹Staking Terms: KYC required
⚡ Hourly Hard Cap per User: 🔸3,541,666.66 HMSTR in BNB pool
🔹625,000 HMSTR in FDUSD pool$TON
$SOL $ICP
#Write2Earn!
Potential for Bitcoin volatility caused by rate cuts is quite high
Bitcoin (BTC) faces potential price volatility this week as the Federal Reserve (Fed) is likely to cut the US interest rate by at least 25 basis points (bps), according to the latest “Bitfinex Alpha” report.
However, the movement depends on whether the Fed will cut 25 bps or 50 bps, as a smaller cut could trigger “bullish optimism.” In contrast, a more significant cut will likely make investors go with a “cautious de-risking.”
Bitfinex analysts highlighted that this volatility might be more evident in inflows across spot Bitcoin exchange-traded funds (ETF) and derivatives markets.
Moreover, rate cuts are often followed by a sell-off in equities and other risk assets on the near team, which adds to investors’ cautious stance. Yet, the report points out that these past patterns provide guidance but are not fail-proof to predict future behavior.$BTC $ETH $USDC
Potential for Bitcoin volatility caused by rate cuts is quite high
Bitcoin (BTC) faces potential price volatility this week as the Federal Reserve (Fed) is likely to cut the US interest rate by at least 25 basis points (bps), according to the latest “Bitfinex Alpha” report.
However, the movement depends on whether the Fed will cut 25 bps or 50 bps, as a smaller cut could trigger “bullish optimism.” In contrast, a more significant cut will likely make investors go with a “cautious de-risking.”
Bitfinex analysts highlighted that this volatility might be more evident in inflows across spot Bitcoin exchange-traded funds (ETF) and derivatives markets.
Moreover, rate cuts are often followed by a sell-off in equities and other risk assets on the near team, which adds to investors’ cautious stance. Yet, the report points out that these past patterns provide guidance but are not fail-proof to predict future behavior.$BTC $ETH $USDC
#BinanceLaunchpoolCATI #NeiroOnBinance #BinanceLaunchpoolHMSTR
Future Price Prediction for Catizen
Experts predict a potential price surge upon the token's listing. The Catizen airdrop price prediction suggests that $CATI could reach $2.00 in the mid-term and even test $5.00 to $10.00 in the long term, depending on market liquidity and sentiment.
Catizen price prediction 2025
The Catizen price prediction for 2025 is currently between $ 1.142209 on the lower end and $ 5.34 on the high end. Compared to today’s price, Catizen could gain 399.84% by 2025 if CATI reaches the upper price target.
Catizen price prediction 2030
The Catizen price prediction for 2030 is currently between $ 2.82 on the lower end and $ 4.57 on the high end. Compared to today’s price, Catizen could gain 327.40% by 2030 if it reaches the upper price target.
$BNB $BTC $SOL
Future Price Prediction for Catizen
Experts predict a potential price surge upon the token's listing. The Catizen airdrop price prediction suggests that $CATI could reach $2.00 in the mid-term and even test $5.00 to $10.00 in the long term, depending on market liquidity and sentiment.
Catizen price prediction 2025
The Catizen price prediction for 2025 is currently between $ 1.142209 on the lower end and $ 5.34 on the high end. Compared to today’s price, Catizen could gain 399.84% by 2025 if CATI reaches the upper price target.
Catizen price prediction 2030
The Catizen price prediction for 2030 is currently between $ 2.82 on the lower end and $ 4.57 on the high end. Compared to today’s price, Catizen could gain 327.40% by 2030 if it reaches the upper price target.
$BNB $BTC $SOL
#FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance
Top News
1.Bhutan 🇧🇹, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups.
2.CZ Set to Be Released From Prison on September 29
The Binance founder is currently living in a halfway house in San Pedro, California.
3.Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
4.Russia permits crypto for foreign trade, with regulations expected by November.
Initial crypto use is limited to select banks under an experimental legal regime.
Cryptocurrency is banned for domestic use, restricted solely to foreign trade.
$BTC $BNB $SOL
Top News
1.Bhutan 🇧🇹, Tiny Country With $3B GDP, Holds Over $780M in Bitcoin
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups.
2.CZ Set to Be Released From Prison on September 29
The Binance founder is currently living in a halfway house in San Pedro, California.
3.Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
4.Russia permits crypto for foreign trade, with regulations expected by November.
Initial crypto use is limited to select banks under an experimental legal regime.
Cryptocurrency is banned for domestic use, restricted solely to foreign trade.
$BTC $BNB $SOL
#BinanceLaunchpoolCATI
Binance Launchpool Welcomes CATI
Binance revealed on September 13 that Catizen would be the 59th project on its Launchpool. Catizen is a cat-themed gaming bot built on the Telegram mini-app platform.
Since its inception six months ago, Catizen has attracted 34 million players and boasts over two million active on-chain users. The project reports an 800,000-paying user base and an average revenue per paying user of $33.
Catizen has a total and maximum token supply of 1,000,000,000 CATI, with 9% allocated for Launchpool token rewards. Users can stake BNB and FDUSD to receive CATI airdrops over four days starting September 16, 2024, at 00:00 UTC. Binance will list CATI on September 20, 2024, at 10:00 UTC, with trading pairs CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY.$BNB
Binance Launchpool Welcomes CATI
Binance revealed on September 13 that Catizen would be the 59th project on its Launchpool. Catizen is a cat-themed gaming bot built on the Telegram mini-app platform.
Since its inception six months ago, Catizen has attracted 34 million players and boasts over two million active on-chain users. The project reports an 800,000-paying user base and an average revenue per paying user of $33.
Catizen has a total and maximum token supply of 1,000,000,000 CATI, with 9% allocated for Launchpool token rewards. Users can stake BNB and FDUSD to receive CATI airdrops over four days starting September 16, 2024, at 00:00 UTC. Binance will list CATI on September 20, 2024, at 10:00 UTC, with trading pairs CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY.$BNB
#GrayscaleXRPTrust
Grayscale XRP Trust is one of the first securities solely invested in and deriving value from the price of XRP that enables investors to gain exposure to XRP in the form of a security while avoiding the challenges of buying, storing, and safekeeping XRP directly. Shares (based on XRP per Share as indicated below) are designed to track the XRP market price, less fees and expenses. XRP is a digital asset that is created and transmitted through the operations of the peer-to-peer Ripple Network, a decentralized network of computers that operates on cryptographic protocols. The Ripple Network allows people to exchange tokens of value, called XRP, which are recorded on a public transaction ledger known as a blockchain.
Grayscale XRP Trust is one of the first securities solely invested in and deriving value from the price of XRP that enables investors to gain exposure to XRP in the form of a security while avoiding the challenges of buying, storing, and safekeeping XRP directly. Shares (based on XRP per Share as indicated below) are designed to track the XRP market price, less fees and expenses. XRP is a digital asset that is created and transmitted through the operations of the peer-to-peer Ripple Network, a decentralized network of computers that operates on cryptographic protocols. The Ripple Network allows people to exchange tokens of value, called XRP, which are recorded on a public transaction ledger known as a blockchain.
#TON #TelegramCEO
$TON
The Open Network (previously Telegram Open Network as TON) is a decentralized computer network consisting of a layer-1 blockchain with various components. TON was originally developed by Nikolai Durov who is also known for his role in creating the messaging platform, Telegram. Telegram had planned to use TON to launch its own cryptocurrency (Gram), but was forced to abandon the project in 2020 following an injunction by US regulators. The network was then renamed and independent developers have created their own cryptocurrencies and applications using TON. Toncoin, the principal token of The Open Network is deeply integrated into the Telegram messaging app, used for paying rewards to creators and developers, buying Telegram ads,hosting giveaways or purchasing services such as Telegram Premium.
$TON
The Open Network (previously Telegram Open Network as TON) is a decentralized computer network consisting of a layer-1 blockchain with various components. TON was originally developed by Nikolai Durov who is also known for his role in creating the messaging platform, Telegram. Telegram had planned to use TON to launch its own cryptocurrency (Gram), but was forced to abandon the project in 2020 following an injunction by US regulators. The network was then renamed and independent developers have created their own cryptocurrencies and applications using TON. Toncoin, the principal token of The Open Network is deeply integrated into the Telegram messaging app, used for paying rewards to creators and developers, buying Telegram ads,hosting giveaways or purchasing services such as Telegram Premium.
#MarketDownturn #Babylon_Mainnet_Launch
Testnet Babylon
Babylon's testnet is built on BTC Signet, a test network for Bitcoin that uses the same proof-of-work (PoW) consensus as the Bitcoin mainnet. As such, there are no real Bitcoins staked on this testnet, rather only Bitcoin Signet which can be obtained for free through faucets.
To participate in the Babylon testnet, users need to download browser extensions from OKX and Keplr wallets, which support the Solana network, on which the Babylon protocol is built. In addition, users also need to acquire Bitcoin Signet through Signet Faucet and Babylon testnet token (BBN) through Babylon's Discord faucet channel.
Users who mint Bitcoin Signet and BBN on the Babylon testnet will be rewarded with a "bitcoin pioneer pass NFT", a non-fungible token that demonstrates their participation in the testnet. The pass has a limited supply and a claim period that runs from February 28 to March 5. The pass will also give access to some exclusive features that will be announced later.
Testnet Babylon
Babylon's testnet is built on BTC Signet, a test network for Bitcoin that uses the same proof-of-work (PoW) consensus as the Bitcoin mainnet. As such, there are no real Bitcoins staked on this testnet, rather only Bitcoin Signet which can be obtained for free through faucets.
To participate in the Babylon testnet, users need to download browser extensions from OKX and Keplr wallets, which support the Solana network, on which the Babylon protocol is built. In addition, users also need to acquire Bitcoin Signet through Signet Faucet and Babylon testnet token (BBN) through Babylon's Discord faucet channel.
Users who mint Bitcoin Signet and BBN on the Babylon testnet will be rewarded with a "bitcoin pioneer pass NFT", a non-fungible token that demonstrates their participation in the testnet. The pass has a limited supply and a claim period that runs from February 28 to March 5. The pass will also give access to some exclusive features that will be announced later.
#BTC_MarketPanic_Dip #RecessionOrDip?
Bitcoin plunges to multi-month lows, wiping out over $220 billion in value amid recession fears
(BTC), the world's largest cryptocurrency by market value, plunged to multi-month lows on Monday as concerns over a potential US recession, fueled by disappointing economic data, spurred a rush to safe-haven assets.
Bitcoin has plummeted to around $53,000, marking a significant decline, while Ether has also turned negative for 2024, reflecting broader concerns in the crypto sector. This downturn is driven by regulatory pressures, adverse macroeconomic factors like weak US job data, and the Japanese stock market crash. Investors, fearing a prolonged bearish trend, are reacting with increased volatility and panic," said CoinSwitch Markets Desk.
Bitcoin plunges to multi-month lows, wiping out over $220 billion in value amid recession fears
(BTC), the world's largest cryptocurrency by market value, plunged to multi-month lows on Monday as concerns over a potential US recession, fueled by disappointing economic data, spurred a rush to safe-haven assets.
Bitcoin has plummeted to around $53,000, marking a significant decline, while Ether has also turned negative for 2024, reflecting broader concerns in the crypto sector. This downturn is driven by regulatory pressures, adverse macroeconomic factors like weak US job data, and the Japanese stock market crash. Investors, fearing a prolonged bearish trend, are reacting with increased volatility and panic," said CoinSwitch Markets Desk.
#BinanceHODLerBANANA #US_Job_Market_Slowdown
US unemployment rate hits 4.3% in July as job growth slows considerably
The increase in the unemployment rate from 4.1 per cent in June marked the fourth straight monthly increase, the U.S. Labor Department reported on Friday. It has risen from a five-decade low of 3.4 per cent in April 2023. The labor market is slowing, driven by weak hiring, rather than layoffs, as the Federal Reserve's interest rate hikes in 2022 and 2023 weigh on demand.
"The latest snapshot of the labor market is consistent with a slowdown, not necessarily a recession," said Jeffrey Roach, chief economist at LPL Financial. "However, early warning signs suggest further weakness. If the labor market weakens further, markets will likely price in three cuts this year." Nonfarm payrolls increased by 114,000 jobs last month after rising by a downwardly revised 179,000 in June, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls would advance by 175,000 jobs after a previously reported gain of 206,000 in June.
US unemployment rate hits 4.3% in July as job growth slows considerably
The increase in the unemployment rate from 4.1 per cent in June marked the fourth straight monthly increase, the U.S. Labor Department reported on Friday. It has risen from a five-decade low of 3.4 per cent in April 2023. The labor market is slowing, driven by weak hiring, rather than layoffs, as the Federal Reserve's interest rate hikes in 2022 and 2023 weigh on demand.
"The latest snapshot of the labor market is consistent with a slowdown, not necessarily a recession," said Jeffrey Roach, chief economist at LPL Financial. "However, early warning signs suggest further weakness. If the labor market weakens further, markets will likely price in three cuts this year." Nonfarm payrolls increased by 114,000 jobs last month after rising by a downwardly revised 179,000 in June, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls would advance by 175,000 jobs after a previously reported gain of 206,000 in June.
$SOL $AVAX
One Ethereum Rival Following in the Footsteps of Solana’s (SOL)
The smart contract platform Avalanche (AVAX) is following SOL with “muscle memory, long and strong.”
AVAX has entered its “final setup,” AVAX will rally after reclaiming a key support level at $27.Inmortal is also bullish on Solana itself.
SOL will eventually rally above its diagonal resistance and surge to $260 in September of this year.
#ETH_ETFs_Trading_Today #Solana_Blockchain #Avax🔥🔥
One Ethereum Rival Following in the Footsteps of Solana’s (SOL)
The smart contract platform Avalanche (AVAX) is following SOL with “muscle memory, long and strong.”
AVAX has entered its “final setup,” AVAX will rally after reclaiming a key support level at $27.Inmortal is also bullish on Solana itself.
SOL will eventually rally above its diagonal resistance and surge to $260 in September of this year.
#ETH_ETFs_Trading_Today #Solana_Blockchain #Avax🔥🔥
