These crypto crashes remind me of 2022, after the peak of the 2021 bull run. At that time, Bitcoin often suddenly dropped for no apparent reason, causing the entire crypto market to follow suit with drops of up to 20%.
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US Nonfarm Payrolls Tonight: Warning of Volatility for Crypto Market Tonight, the US Nonfarm Payrolls (NFP) report will be released, providing an important indicator to assess the health of the world's largest economy. This data not only has a strong impact on traditional markets such as stocks and gold, but can also cause great fluctuations in the cryptocurrency market. Why is Nonfarm important? The Nonfarm report measures the number of new jobs created last month in the US, excluding the agricultural sector. This is one of the key factors for the US Federal Reserve (Fed) to decide on monetary policy, especially regarding raising or lowering interest rates.
Non-Farm Payrolls (NFP) is an important economic report released monthly, providing data on the number of jobs created in industries other than agriculture. It is a strong indicator of the health of the US economy. Impact of NFP on Crypto Market:
1. Risk sentiment: A positive NFP report (high employment) usually increases the value of the USD and can cause investors to withdraw money from risky assets such as Bitcoin. Conversely, a negative report can increase the appeal of cryptocurrencies as a hedge
OnChainLendingSurge marks the explosion of lending services on the blockchain platform, especially in the DeFi sector. This increase comes from the growing demand for decentralized loans, which do not require intermediaries, with more attractive interest rates compared to traditional financial services. Platforms like Aave, Compound, and MakerDAO are leading the trend, allowing users to borrow and earn profits from digital assets. On-chain lending not only enhances liquidity but also opens up opportunities for more transparent and safer financial options for global investors.
BNB is the native cryptocurrency of the Binance blockchain. It supports all online transactions on the Binance blockchain and pays for the development of new tokens. Most cryptocurrency analysts are optimistic about the promising future of Binance Coin's price.
Over the past 24 hours, over 195,500 traders have been liquidated, with long positions losing $550 million, while short positions lost just $59.25 million. This is a precise boycott aimed at long positions! 😨 In such a market, charts and analysis seem powerless. To long positions: stay strong. 🙏 If you are trading spot, don't panic—every dip is an opportunity to buy at a lower price. But for contracts, managing your position is very important! You can stop your losses, but never let yourself be completely liquidated! ⚠️
The Megadrop mission page will be opened on the Binance app at 03:00 AM tomorrow. • Locking BNB is not mandatory. If you do not lock BNB, you can still participate in the Megadrop, but your reward points will be lower and you will receive fewer tokens compared to those who lock BNB. • Rewards: Will be distributed at 13:00 on January 17, 2025 (4 hours before listing). Consider it carefully and good luck!
The increase in Bitcoin's hash rate indicates the level of computational power being used to mine and secure the network. When the hash rate spikes, this usually reflects greater confidence from miners in Bitcoin's long-term prospects, despite high energy costs. This growth may be due to upgrades in mining technology, rising Bitcoin prices, or large miners entering the market. A higher hash rate helps make the network more secure, but it can also increase mining difficulty, making it harder for individual miners to turn a profit.
The Bitcoin hash rate is experiencing a significant increase, signaling a positive trend for the network. This increase indicates that miners are returning, reinforcing the security and sustainability of the system. A higher hash rate often leads to increased competition, which can affect mining costs. Investors should monitor this development as it may indicate long-term recovery potential for Bitcoin.