VanEck remains optimistic about Bitcoin’s outlook heading into the fourth quarter, citing strong macroeconomic support and institutional inflows while expressing concerns over Ethereum’s ongoing struggles with market share and declining fee generation. According to the firm’s September recap report, Bitcoin surged 7.7% over the month, buoyed by the Federal Reserve’s rate cut and China’s economic stimulus. […]
Author: ADM
Bitcoin’s performance as US labor market normalizes after pandemic disruption
The post-COVID US labor market is finally experiencing a nuanced shift, reflecting a blend of resilience and gradual normalization after the unprecedented disruptions of the pandemic. By weaving together the latest data on job quits, wage growth, unemployment, job openings, and inflation, we can create a comprehensive picture highlighting opportunities and challenges for everyday people. […]
HKVAX becomes third crypto exchange licensed in Hong Kong
Hong Kong Virtual Asset Exchange (HKVAX) has secured licensing from Hong Kong’s Securities and Futures Commission (SFC) to operate a virtual asset trading platform. The approval makes HKVAX the third licensed crypto exchange in the city and the first to be authorized under the virtual asset regulatory framework introduced two years ago. HKVAX licensing According […]
Bitcoin threatens breakout as US employment falls to 4.1%, jobs surge
U.S. Non-Farm Payrolls increased by 254,000 in September, affecting Bitcoin prices. The Department of Labor reported an addition of 254,000 jobs, surpassing the consensus estimate of 140,000. The unemployment rate decreased to 4.1%, below the expected 4.3%. This release indicates resilience in the US labor market despite broader economic concerns, suggesting potential implications for Federal […]