⚠️ The market sees more than a 70% chance that the Fed will RAISE rates in December… and this week brings 3 tests for Bitcoin 👀
November started quietly, but the calendar is packed.
🟠 Bitcoin is hovering around 78,000 after closing yesterday, Saturday, near 77,400. There are elections in the U.S. on Tuesday, and the jobs report comes out Friday: if few jobs are created, the Fed would have a reason not to raise rates, which usually helps Bitcoin. If many are created, expensive money becomes a factor again; the floor to watch is 76,000 and the ceiling is 80,000.
🔷 ETH is hovering around 2,270 and fighting to reclaim 2,300. Fun fact: the hackers behind the theft paid extremely high fees to move the stolen funds quickly, and around $30 million ended up in the hands of those who secure the Ethereum network. And on Tuesday, the major annual conference for its developers kicks off, where announcements are often made.
🔺 AVAX is hovering around 8.70 and can once again be withdrawn from Binance. A New York asset manager is going to tokenize around $300 million in funds on Avalanche: more institutional money using the network, exactly what it needs to break out of the 8-to-9.50 range.
Are you taking a position before Friday, or waiting for the jobs report? 👇
#Bitcoin #ETH #AVAX
November started quietly, but the calendar is packed.
🟠 Bitcoin is hovering around 78,000 after closing yesterday, Saturday, near 77,400. There are elections in the U.S. on Tuesday, and the jobs report comes out Friday: if few jobs are created, the Fed would have a reason not to raise rates, which usually helps Bitcoin. If many are created, expensive money becomes a factor again; the floor to watch is 76,000 and the ceiling is 80,000.
🔷 ETH is hovering around 2,270 and fighting to reclaim 2,300. Fun fact: the hackers behind the theft paid extremely high fees to move the stolen funds quickly, and around $30 million ended up in the hands of those who secure the Ethereum network. And on Tuesday, the major annual conference for its developers kicks off, where announcements are often made.
🔺 AVAX is hovering around 8.70 and can once again be withdrawn from Binance. A New York asset manager is going to tokenize around $300 million in funds on Avalanche: more institutional money using the network, exactly what it needs to break out of the 8-to-9.50 range.
Are you taking a position before Friday, or waiting for the jobs report? 👇
#Bitcoin #ETH #AVAX
