Tag: Data

This Data Shows Ethereum Whales Are Manipulating ETH Prices, Is That True?

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The Ethereum whale investors have maintained an influence on ETH price. This is because they use their holdings to create their desired trend in the ETH market. But their impact is raising more brows as per the data from CryptoQuant. In the crypto space, the whales are persons or entities with higher investment holding of a particular asset. Holding a significant amount of cryptocurrency makes it easy for whales to manipulate and influence the crypto price. Over time, the perception has always been that the whales project negative influences on…

Bitcoin, Other Risk Assets Fall Again Following Disappointing Jobs Data

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Gold and Silver Prices Slide Lower Following US Jobs Report — Analyst Says Data Suggests ‘Market Bottom Is in Place’ – Market Updates Bitcoin News

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On Friday, October 7, 2022, the precious metals gold and silver dropped in U.S. dollar value following the recent U.S. jobs report for September. The USD value of gold per troy ounce is awfully close to slipping below the $1,700 range, while the price of silver is teetering near the $20 threshold. Precious Metals Price Patterns Follow Friday’s Equity Market Rout and Crypto Carnage Just before the weekend, Wall Street’s major indices tumbled as the latest U.S. jobs report for September is making investors believe the Federal Reserve will continue…

Will Comatose Bitcoin Market Come Alive After NFP Data?

“Bitcoin has returned exactly 0.0%, on average, on NFP days in 2022. So, traders might conclude that NFP days are non-events,” Markus Thielen, head of research and strategy at crypto services provider Matrixport, said. “However, traders should be careful as the picture changes one week later.” Source

Investors Should Check These Data Before Buying HBAR

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Hedera shows lots of potential, despite some major hiccups lately. Investors will be better equipped if they examine some key data before acquiring HBAR. Here’s a quick look at some important numbers: HBAR currently trades at $0.05798 Trading volume currently at $36.2 million Hedera circulating supply at 22.97% Hedera is a new and revolutionary open-sourced crypto network that utilizes a distributed ledger technology that is designed to allow both developers and users to use DApps. HBAR Up 2.05% As Of Press Time HBAR’s development activity has seen tremendous growth in…

On-chain data points to crypto consolidation in Q3

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A third quarter industry report from DappRadar citing on-chain metrics suggests cryptocurrency markets are showing signs of recovery from ongoing bearing market conditions. A number of factors played their part in a busy third quarter of 2022, with Ethereum’s Merge marking a successful shift to proof-of-stake having a notable influence on layer 2 activity before the event. The report also highlights a slight recovery in the overall cryptocurrency market capitalization, which still sits below the $1 trillion mark. Third-quarter data reflected an 8.5% increase in the total crypto market cap…

Crypto Markets Flatten as Latest Employment Data Throws a Setback for Inflation Hawks

Economic Calendar: ADP Employment, which measures job creation among private U.S. businesses, grew by 208,000 in September, versus consensus estimates of 200,000, and a 12% increase over the 185,000 jobs created in August. According to the report, annual pay increased 7.8% for workers who stayed at their jobs, while wages for job changers increased 15.7%. The news, which showed a still-hot jobs market, indicated that the economy is not slowing as much as inflation hawks had hoped to see. Original Source CryptodataEmploymentFlattenHawksInflationLatestMarketssetbackThrows CryptoX Portal