Binance Square
LIVE
Day Trader Ray
@raytrader
Wait this isn't grindr
Following
Followers
Liked
Shared
All Content
LIVE
--
Bullish
[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.
[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.
🌕 $BNB
🌕 $BNB
Get ready for an avalanche of "I told you so" posts 🤺🏄‍♂️
Get ready for an avalanche of "I told you so" posts 🤺🏄‍♂️
Markets are brutal
Markets are brutal
I think I'm losing my mind 🥴
I think I'm losing my mind 🥴
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number

Latest News

--
View More

Trending Articles

avatar
JaneBennet8474
View More
Sitemap
Cookie Preferences
Platform T&Cs