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Insights
Bitcoin resilient above $64,000 as halving nears, defies broader market downturn Single Bitcoin transaction just cost $17,468 as halving nears Bitcoin ETFs experience fifth consecutive trading day of outflows URPD metric indicates a lack of liquidity for Bitcoin below $60,000 Holding Bitcoin has been unprofitable only on these days
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 · 1 year 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

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
Bitcoin resilient above $64,000 as halving nears, defies broader market downturn

Bitcoin resilient above $64,000 as halving nears, defies broader market downturn

59 mins ago
Single Bitcoin transaction just cost $17,468 as halving nears

Single Bitcoin transaction just cost $17,468 as halving nears

Data via 4 hours ago
Bitcoin ETFs experience fifth consecutive trading day of outflows

Bitcoin ETFs experience fifth consecutive trading day of outflows

Data via 6 hours ago
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Dial H for Halving: Unpacking the technicalities of Bitcoin’s halving
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Dial H for Halving: Unpacking the technicalities of Bitcoin’s halving

Andjela Radmilac · 4 days ago

CryptoSlate's latest market report dives deep into the Bitcoin halvings, exploring its technical underpinnings, the historical context of previous halvings, and their long-term impacts on the network.

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