Bitcoin Developer Calls BRC20 “Spam,” Coinbase Launches Payments Product
Equities are flat after initially climbing following government data that showed labor market costs fell while productivity remained robust. Investors await confirmation from tomorrowâs jobless claims numbers, followed by nonfarm payrolls, wages, and unemployment rate on Friday. Long-term yields have fallen sharply after peaking near ~5% in October, with the 10Y and 30Y yielding 4.1% and 4.2%, respectively. BTC has continued climbing, rising 0.6% to $43.9k. ETH is underforming, falling 1.2% in USD, while the ETHBTC ratio has resumed its two-year downtrend, falling 0.54% to .0517 ETH per BTC. While ETH has been an underperformer as attention shifts to the potential BTC spot ETF approval, it is the only other crypto in the process for its own spot ETF, a fact investors could potentially focus on as the BTC decision dates approach. As BTC stalls around $44k, other large-cap tokens are starting to see a bid, with DOGE and AVAX up 7%, while AVAX gained 14% over the last day.
Reports you may have missed
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...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.98% falling to $60k and ETH -4.14% approaching the low $2,300s. Aptos (APT N/A% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -5.50% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.98% climbing back above $61,000 and SOL -7.90% moving above $145, while ETH -4.14% is lagging, trading around $2,400. Among today's outperformers is SUI -9.24% , 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 -1.39% and QQQ 0.37% 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 -1.98% briefly dropping below $62k and ETH -4.14% below $2.5k. Among altcoins, SUI -9.24% is showing...
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 27cf7d-696814-7b236b-905a96-a51e80
Already have an account? Sign In 27cf7d-696814-7b236b-905a96-a51e80