$SUI Token Launches and $BUSD hits Record Low in Activity
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.60% climbing back above $61,000 and SOL -3.60% moving above $145, while ETH -4.91% is lagging, trading around $2,400. Among today's outperformers is SUI -3.49% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY -1.93% and QQQ -2.36% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -2.60% briefly dropping below $62k and ETH -4.91% below $2.5k. Among altcoins, SUI -3.49% is showing...
CRYPTO MARKET UPDATE Crypto markets have broadly moved lower over the past 24 hours, though there are notable pockets of resilience. BTC -2.60% is testing its 200-day moving average, just below $64,000, while ETH -4.91% is showing relative strength, trading above $2,600. SOL -3.60% has outpaced both majors, trading just above $156. Among the top 100, standout performers include BONK -3.77% , BEAM 0.23% , WIF -7.69% , AR -7.31% , and TAO -2.19% . Meanwhile, US equity markets are rebounding from a...
