$CYS has been extremely volatile, jumping from 0.8986 to an ATH of 1.3019 before pulling back to around 1.1495.
The move came around the Upbit listing announcement, while the earlier spike before the announcement had sparked speculation across Crypto X.
For now, 1.00 is a key support to watch, while 1.30 remains the major resistance.
The July NFP report came in at -23K, far below the +80K expected.
That’s a major labor-market miss and could put pressure on the USD as traders reassess US economic strength and future rate expectations.
Gold and forex could see increased volatility as markets digest the data. The reaction from here is worth watching closely.
The move came around the Upbit listing announcement, while the earlier spike before the announcement had sparked speculation across Crypto X.
For now, 1.00 is a key support to watch, while 1.30 remains the major resistance.
The July NFP report came in at -23K, far below the +80K expected.
That’s a major labor-market miss and could put pressure on the USD as traders reassess US economic strength and future rate expectations.
Gold and forex could see increased volatility as markets digest the data. The reaction from here is worth watching closely.