The U.S. job market appears to have continued to slow in recent months as the government caught up on reports that were delayed due to the shutdown in Washington. Nonfarm payrolls increased by 64,000 in November, according to a report released Tuesday morning by the Bureau of Labor Statistics. Economists’ estimates predicted growth of 50,000 […]
Stable at $87,500 as jobs data shows weakness Read More »
Filecoin SON$1.2760 fell 4.2% to $1.28 on Tuesday amid significant volatility as traders caused sharp reversals during a broader market decline, according to CoinDesk Research’s technical analysis model. The model showed that the decentralized storage token established a bearish price trend with a range of $0.08 representing 6.3% volatility. Volume was 12.75% higher than the
By Omkar Godbole (All times ET unless otherwise noted) Crypto traders are bracing for potential volatility as the crucial US nonfarm payrolls report for November is set to be released later today alongside October retail sales. Jobs data will offer deeper insight into the extent to which the U.S. labor market is cooling, shaping expectations
Prepare for Volatility as US Jobs Data Looms: Crypto Daybook Americas Read More »
Bitcoin spot in the United States BTC$87,292.29 and ether ETH$2,955.18 Exchange-traded funds lost a total of $582 million in net outflows on Monday, the largest amount since November 20, as crypto markets fell, sending bitcoin down to $85,100. Bitcoin ETFs saw $357.6 million in outflows, the most in nearly two weeks, while ether ETFs saw
US BTC and ETH ETFs see biggest outflows since November 20 Read More »
Kindly MD (NAKA), a healthcare and Bitcoin treasury company, is at risk of being delisted from the Nasdaq exchange after its stock price failed to meet minimum listing requirements. The stock has closed below $1 for 30 consecutive trading days, and the company has until June 8 to raise it above that level for 10
Bitcoin BTC$86,351.21 The 30-day simple moving average (SMA) hashrate saw its biggest decline since the April 2024 halving, according to Matthew Sigel, head of digital asset research at VanEck. The Bitcoin hashrate measures the total computing power securing the network. Former Canaan President Jack Kong said in an article on X that up to 400,000
BTC hash rate sees biggest halving since 2024 amid China machine shutdowns Read More »
The crypto market weakened alongside global risk assets as investors retreated ahead of key U.S. economic data, extending a December slowdown marked by dwindling liquidity and increasing caution in markets. Bitcoin BTC$86,297.78 fell to $85,800 in Asian trading, down more than 4% over the past week as selling pressure spread to major tokens. Ether ETH$2,930.12
Bitcoin, Ether and Cardano extend their losses Read More »
The cryptocurrency market is sending out deep bearish signals as the end of the year approaches. At the time of writing, TradingView data showed that 75 of the top 100 coins by market value were trading below their 50- and 200-day simple moving averages (SMAs), indicating widespread weakness in the digital asset market. This indicates
75 of the top 100 coins are trading below key averages Read More »
Axelar’s AXL token fell as much as 13% on Tuesday, according to CoinDesk market data, after stablecoin giant Circle announced it signed a deal to acquire the team and exclusive intellectual property of Interop Labs, the original and lead developer behind the Axelar network. Loading… The deal explicitly excludes the AXL token and the network
Token Falls 15% After Circle Deal Takes Dev Team, Leaves AXL Behind Read More »
Solana users could soon exchange Singapore Dollars (SGD) for United States Dollars (USD) instantly online, marking the popular high-speed blockchain’s first access to digital tokens tied to one of Asia’s major currencies. Indeed, crypto infrastructure company StraitX said on Tuesday that it plans to launch its Singapore dollar stablecoin XSGD and US dollar stablecoin XUSD
