Bitcoin (BTC) News Today: US Jobs Report and Creditor Repayments Sink BTC
==========
Bitcoin (BTC) tumbled by 5.40% on Friday, August 2, ending the session at $61,786. The US Jobs Report intensified investor fears of a US economic recession, and Genesis Trading repayments impacted buyer appetite for BTC. US BTC-spot ETF market-related news and supply-demand trends require consideration. The US Jobs Report sent US recession warnings, with wage growth slowing and the unemployment rate rising. The US BTC-spot ETF market saw total net outflows of $280.2 million. MicroStrategy announced its quarterly financial results, including the acquisition of 12,222 BTC and plans for a $2 billion BTC buying spree. Genesis Trading began repaying its creditors, coinciding with Mt.Gox and the US government making repayments as well. BTC sat below the 50-day EMA while hovering above the 200-day EMA. ETH sat well below the 50-day and 200-day EMAs. BTC and ETH price movements depend on US BTC-spot ETF flow data and supply-demand trends.
#Bitcoin #UsJobsReport #CreditorRepayments #BtcspotEtfMarket
https://www.fxempire.com/forecasts/article/bitcoin-btc-news-today-us-jobs-report-and-creditor-repayments-sink-btc-1450868
FX Empire /
npub1lj…9zjdc
2024-08-03 06:05:47
Author Public Key
npub1ljmz9hjq6kkwm5ltqfc6dpw9ytalhtnf7sgp4r75dqvtsq2wz9sqp9zjdcSeen on
wss://relay.damus.ioPublished at
2024-08-03 06:05:47Event JSON
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"content": "Bitcoin (BTC) News Today: US Jobs Report and Creditor Repayments Sink BTC\n==========\n\nBitcoin (BTC) tumbled by 5.40% on Friday, August 2, ending the session at $61,786. The US Jobs Report intensified investor fears of a US economic recession, and Genesis Trading repayments impacted buyer appetite for BTC. US BTC-spot ETF market-related news and supply-demand trends require consideration. The US Jobs Report sent US recession warnings, with wage growth slowing and the unemployment rate rising. The US BTC-spot ETF market saw total net outflows of $280.2 million. MicroStrategy announced its quarterly financial results, including the acquisition of 12,222 BTC and plans for a $2 billion BTC buying spree. Genesis Trading began repaying its creditors, coinciding with Mt.Gox and the US government making repayments as well. BTC sat below the 50-day EMA while hovering above the 200-day EMA. ETH sat well below the 50-day and 200-day EMAs. BTC and ETH price movements depend on US BTC-spot ETF flow data and supply-demand trends.\n\n#Bitcoin #UsJobsReport #CreditorRepayments #BtcspotEtfMarket\n\nhttps://www.fxempire.com/forecasts/article/bitcoin-btc-news-today-us-jobs-report-and-creditor-repayments-sink-btc-1450868",
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