Analysis: Bitcoin showed no clear directional trend before the non-farm payroll release, and the crypto market remains relatively calm.

BTC-3,32%
SOL-3,44%
ETH-3,06%
BNB-2,3%

Odaily Planet Daily News: The US non-farm payroll report is about to be released, and the Federal Reserve’s rate decision committee will also be closely watching this report. According to FactSet, the US economy may have added 55,000 jobs in December, with the unemployment rate expected to decrease from 4.6% to 4.5%. Weak economic data will reinforce expectations of further rate cuts, potentially leading to a weakening dollar and pushing up the prices of risk assets including Bitcoin. Before the non-farm payroll announcement, Bitcoin showed no clear directional trend, with a 24-hour increase of 0.2%. The crypto market remains relatively calm, with the exception of SOL, which rose 2.8% in the past 24 hours. ETH and BNB did not experience significant fluctuations. (CoinDesk)

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bhutan Moves $8.5M Bitcoin as Outflows Continue

The Royal Government of Bhutan has steadily moved $8.5 million in Bitcoin to a new wallet, part of a larger trend of $158 million in transfers. This gradual selling strategy avoids market shocks and reflects a careful asset management approach rather than panic.

Coinfomania25m ago

Bitcoin macro risks spike as Ukraine messes with Trump's plan to stabilize oil markets

Ukraine's drone strikes have exacerbated oil market instability during the Iran war, complicating Trump's efforts to stabilize prices. This disruption risks prolonged high oil prices, leading to inflation and potential Fed rate hikes, which could challenge cryptocurrency stability.

CoinDesk43m ago

Bitdeer produced 146 BTC this week and sold it all, maintaining a zero-cash position

Gate News reports that on March 28, Nasdaq-listed mining company Bitdeer disclosed that, as of the week ending March 28, the company mined 146 BTC and sold all of its output. Currently, Bitdeer still maintains a zero Bitcoin holding status.

GateNews1h ago

What Rising US Bond Yields Mean for Bitcoin

In brief U.S. 10-year Treasury yields have surged to around 4.42%, forcing markets to reassess the outlook for interest rates and financial conditions. Bitcoin has held a tight range near $68,000, declining less sharply than equities during the recent macro-driven selloff. Options markets

Decrypt2h ago

Yesterday, the US spot BTC ETF had a net outflow of $225.5 million, and the ETH ETF had a net outflow of $48.5 million.

Gate News Report, March 28 - According to monitoring by Farside, yesterday (March 27), the U.S. spot Bitcoin ETF saw a net outflow of $225.5 million, marking two consecutive trading days of net outflows. Yesterday, the U.S. spot Ethereum ETF had a net outflow of $48.5 million, resulting in eight consecutive trading days of net outflows.

GateNews2h ago
Comment
0/400
No comments