Crypto Markets Analysis: Ether and Bitcoin’s reduced daily correlation could provide opportunity for ETH bulls. GWilliamsJr_CMT reports
An encouraging jobs report that suggests the U.S. economy might finally be contracting in a meaningful way left crypto markets unstirred, although ether rose, closing the performance gap this year with bitcoin .
The Job Openings and Labor Turnover Survey showed that job openings fell by 632,000 in February to 9.9 million, the lowest level since May 2021. The 9.9 million mark exceeded expectations of a decline to 10.4 million and signaled the persistently tight jobs market may be loosening. Crypto markets were quiet. Bitcoin traded flat for most of the day, on lower-than-average volume. BTC trading volume has fallen below its 20-day moving average for 14 straight days.A sustained move higher than $1,862 would push ETH’s price past the upper range of its Bollinger Band, a bullish sign for the asset.The ETH/BTC ratio has increased 4.3% this week. ETH, the second-largest cryptocurrency by market capitalization after BTC, has narrowed the performance gap on its larger peer.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ether Rallies to 8-Month High, Gains Ground Against BitcoinEther is beginning to outperform bitcoin as Ethereum's highly anticipated Shanghai upgrade is now less than two weeks away. Reports godbole17.
Baca lebih lajut »
WTI crude oil pares OPEC+ led gains above $79.00 amid sluggish marketsWTI crude oil buyers take a breather, following the biggest jump since March 2022, as traders reassess the OPEC+ led moves ahead of the key US PMIs an
Baca lebih lajut »
CNBC Daily Open: Surging oil prices pose new challenge to marketsMarkets shrugged off crises in March to post impressive gains. But a new obstacle could derail markets in April.
Baca lebih lajut »
Ethereum, 200 days after The Merge: $4 billion in ether not added to supplyIt has been 200 days since Ethereum transitioned from proof-of-work to proof of stake, and the total supply of ether has decreased significantly.
Baca lebih lajut »
DeFi Tokens, Shiba Inu Clones Populate zkSync as Locked Value Climbs to $100MOver 3.3 million transactions have been conducted on the zkSync network since its March 24 launch. However, some say the launch has been muted relative to the hype. By shauryamalwa.
Baca lebih lajut »
Chris Burniske Explains Why Ethereum (ETH) Unlock Is Bullish EventUpcoming $ETH unlock should not worry long-term holders as it is a bullish development for the asset
Baca lebih lajut »