Happy National Day!!!
I won't go out to play today. I wonder if my friends on the road are doing well now😁
Those who understand will understand...
I have nothing to do, so let's talk about the news of Bitcoin. The bearish sentiment is strong, which is not friendly to the Chinese who are still paying attention to the cryptocurrency circle during the holidays!
Bitcoin bulls are losing their control over bears, falling more than 3% to a low of 63249 today. The initial panic selling occurred after Japan's Nikkei 225 index fell nearly 5% as incoming Prime Minister Shigeru Ishiba announced an election at the end of October. The yen strengthened and Japanese government bond prices rose on this news.
There will be major macroeconomic events related to the United States this week, starting with the announcement of Federal Reserve Chairman Jerome Powell later today. This will be followed by the JOLT job vacancies and ISM manufacturing PMI data released on Tuesday. This also triggered a sell-off in Bitcoin prices today.
On Friday, the U.S. Department of Labor will release non-farm payrolls and unemployment data for September. Market participants expect employment data to be lower, prompting the Federal Reserve to cut interest rates by another 50 basis points.
This week, Federal Reserve officials also spoke, causing uncertainty in the stock and cryptocurrency markets.
Affected by the expectation that the Federal Reserve will continue its dovish monetary policy, the total inflow of digital asset investment products last week reached US$1.2 billion, of which Bitcoin inflow reached US$1 billion, and Ethereum broke the five-week downward trend with an inflow of US$87 million.
I am Lao Li, a blogger who focuses on freshness. I don’t rest during the holidays. I am waiting for a wave of market trends. Follow Lao Li and communicate together! ! !
