Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in line 4.1%, down from 4.3% in February. Source
2023 started with a challenging overall landscape for the crypto market that continued throughout the rest of the year. However, the market saw a recovery with a spike in bullish sentiment and ended the year on a positive note. Additionally, 2023 saw a decline in crypto scamming and crypto-related illicit activity compared to the previous year, as new data shows. Illicit Activity Market Revenue Decline In 2023 American blockchain analysis firm Chainalysis released its 2024 Crypto Crime Report detailing the trends and figures that crypto-related illicit activities saw in 2023.…
Despite market enthusiasm, the amount of Bitcoin lying dormant in digital wallets is hovering at low levels. Low dormant Bitcoin (BTC) levels are a potential warning sign for the cryptocurrency. The reason is that spikes in dormant Bitcoin usually preceded rallies, given that dormant Bitcoin is not being sold, effectively resulting in a lower circulating supply. Long-term investors have likely decided to take profit amid ongoing market enthusiasm. Only 1,832 BTC have gone without spending over the past two years, down sharply from over 30,000 in late December, according to…
The amount of Ethereum (ETH) owned by long-term holders has reached a new milestone, hitting 70% since Dec. 1. According to blockchain analytics firm IntoTheBlock, this is noteworthy as it puts Ethereum ahead of Bitcoin (BTC) per the same metric, which hovered just shy of 70%. Some market watchers consider the rise in the proportion of ETH held by these holders as showcasing a conviction in the cryptocurrency’s long-term potential. The record comes amidst predictions that the time for Ethereum to outshine Bitcoin is fast approaching. On Dec. 23, well-known…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…
It was blowout employment data for the economy last month, with the Bureau of Labor Statistics Friday morning reporting 336,000 jobs added in September versus economist forecasts for just 170,00. August’s originally reported 187,000 jobs gained was revised higher to 227,000. Original
Apart from Spot Bitcoin ETFs, Ethereum Futures ETFs have been the talk of the crypto industry for months as investors look toward a catalyst for the next bull run. However, data has shown the highly anticipated ETFs have had underwhelming results in trading volume. Although the crypto market has witnessed some gains in the past few days, this hasn’t flowed into Ethereum Futures ETFs as investors seem hesitant to adopt these new Ethereum investment vehicles. How Have Ethereum Futures ETFs Fared So Far? Ethereum futures ETFs provide indirect exposure to…
Moscow Exchange (MOEX) has released its financial results for the second quarter of 2023, reporting RUB 1.6 billion in fees and commission income from the foreign exchange (forex) market. The figure jumped by 10 percent quarter-over-quarter and 39.8 percent year-over-year. Don’t miss London’s premier financial event! 3,500+ attendees, 150+ speakers, and 120+ exhibitors await you for unmatched networking, expert insights, and cutting-edge innovations. Register now! The income from the FX market was generated as the trading volume in the FX market reached RUB 66.7 billion, an increase of 9.5 percent…
Almost 69% of circulating bitcoin have been inactive for at least a year. Original
On its face, the retail sales report from the U.S. Census Bureau for June showed some weakness, with the headline number rising 0.2% last month versus forecasts for 0.5% and May’s 0.5%. However, the retail sales “control group” – which filters out some components to compile a more precise gauge of consumer spending – rose 0.6% in June, more than double May’s pace and far ahead of estimates for a decline of 0.3%. Original