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Insights
Long-term holders are locking in profit after Bitcoin’s rally to new ATHs 206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs Bitcoin ETF holders take profits as 6-day win streak broken with $400 million outflow, BlackRock retains inflow Bitcoin miners transferred over $4 billion in Bitcoin to exchanges as price hit $90,000 Solana’s daily fees and revenue hit ATH amid heightened engagement
Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps James Van Straten · 2 years ago
Insights Macro

Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps

Unemployment rate goes up to 3.6% as Bitcoin breaks 20k

James Van Straten / @jvs_btc / Mar. 10, 2023 at 1:34 pm UTC

Quick Take

  • +311k jobs created vs. estimate of +205k.
  • 3.6% unemployment rate vs. an estimate of 3.4%
  • Bitcoin broke $20,000 immediately after
  • DXY retreats to 104.8, which sees an uplift on major currencies inc EUR and GBP
  • While 25 bps is now the most likely for the upcoming FOMC meeting on 22nd March, with a terminal rate of 5.50%.
Currencies: (Source: Trading View)
Currencies: (Source: Trading View)
Probabilities of Fed Meeting: (Source: CME)
Probabilities of Fed Meeting: (Source: CME)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

Latest Insights
Long-term holders are locking in profit after Bitcoin’s rally to new ATHs

Long-term holders are locking in profit after Bitcoin’s rally to new ATHs

Data via 22 hours ago
206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs

206 SEC registered funds hold Bitcoin ETFs including Canadian banks and Goldmach Sachs

2 days ago
Bitcoin ETF holders take profits as 6-day win streak broken with $400 million outflow, BlackRock retains inflow

Bitcoin ETF holders take profits as 6-day win streak broken with $400 million outflow, BlackRock retains inflow

Data via 2 days ago

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