| Time | Details |
|---|---|
| 2024-07-31 13:04 |
ADP Non-Farm Employment Change Misses Expectations; Bitcoin Steady Ahead of FOMC Meeting
According to CryptoMichNL, the ADP Non-Farm Employment Change came in at 122,000, falling short of the expected 147,000. This negative miss has been a recurring trend. The U.S. Dollar Index (DXY) has declined, while Bitcoin remains unchanged. The market is now anticipating the FOMC meeting tonight, which may provide news regarding potential rate cuts. (Source) |
| 2024-08-02 13:19 |
Major Stock Market Crash in Japan and Its Implications on Crypto Markets
According to @CryptoMichNL, there has been a significant stock market crash in Japan, the largest since Black Monday in 1987. This has led to a cascade in yields and the U.S. Dollar Index (DXY), coinciding with weakening labor markets. A September rate cut by the Federal Reserve is now seen as certain, leading to an expansion in the liquidity cycle. The U.S. economy is facing substantial trouble, which could have broad implications for cryptocurrency markets. (Source) |
| 2024-08-02 17:00 |
Market Turmoil: Bitcoin Must Hold Above $60K
According to CryptoMichNL, the markets are experiencing a horrendous day with significant declines. The U.S. Dollar Index (DXY) is tanking, and yields are plummeting. This has led to substantial drops in U.S. stock markets, causing Bitcoin and Gold to fall as well. Bitcoin needs to hold above the $60K mark to avoid a severe downturn. (Source) |