Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
This fund has a better long-term track record than the Nasdaq.
The United Kingdom's Financial Conduct Authority (FCA) has revealed that almost 90% of cryptocurrency firms applying for registration in the past year failed to meet the necessary standards.
(Bloomberg) -- Bitcoin and other major digital tokens are set to dance to the tune of the stock market’s reaction to a key US jobs report due later Friday, if a rising short-term correlation between crypto and equities is any guide.Most Read from BloombergWorld's Second-Tallest Tower Tests Malaysia's Appetite for More SkyscrapersThe Outsized Cost of Expanding US RoadsMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub
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Retail investors often miss the fundamental role Bitcoin miners play in securing the decentralized network.
According to Odaily, Friday marks the last day before the Federal Reserve officials enter their pre-meeting silence period. Federal Reserve's Williams and Governor Waller are scheduled to speak after the release of the employment report, providing the final opportunity to set expectations for the upcoming meeting. With economic growth and inflation slowing, adjusting the interest rate from the current 5.3% to around 4.5% seems more reasonable. If there are no signs that July's weak employment will continue into August, some Fed officials may resist a significant rate cut of 50 basis points. However, officials who were open to a rate cut at the July meeting might support a 50 basis point cut in September if the unemployment rate rises again and job growth further slows.
The smart beta innovator's new fund will buy stocks dropped from the S&P 500 and Russell 1000.
According to Odaily, Federal Reserve official Austan Goolsbee has stated that recent economic data supports the possibility of multiple interest rate cuts. Goolsbee also noted an increase in warning signals related to the labor market.
According to Cointelegraph, Telegram founder Pavel Durov has spoken publicly for the first time since his arrest in France in August. Durov expressed surprise over the arrest, noting that Telegram has a legal representative in France to handle regulatory requests and inquiries. As a French citizen, he mentioned that authorities had multiple ways to contact him without involving law enforcement, highlighting his regular visits to the French Consulate in Dubai.Durov emphasized that Telegram is committed to its mission of free speech and expression. He stated that the company is willing to exit markets that do not align with its principles, asserting that their motivation is not financial but driven by the desire to uphold basic human rights, especially in regions where these rights are under threat.This is an ongoing story, and more details will be provided as they emerge.