U.S. unemployment rate comes in at 3.7%, Bitcoin holds $27K
U.S. unemployment rate was forecasted to come in at 3.5% but came in 3.7%
James Van Straten 1 min read Insights
Data-led research on the narratives, flows, and on-chain signals moving crypto markets.
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James Van Straten 1 min read Latest insights
Stablecoins
Tether market cap hits all time high
While, Tether trade volume hits all-time low which includes both CEXs and DEXs
Macro
Short term crypto outlook turns negative as U.S. passes Debt Ceiling Bill
The total federal debt is expected to reach $36 trillion by January 2025.
Bitcoin
Bitcoin investors seek downside protection amid rising macro uncertainties
A look at the surge in demand for Bitcoin downside protection as investors hedge amid global uncertainties and market fluctuations.
Bitcoin
Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years
The transaction occurred between the mining pool, Poolin, and Binance.
Bitcoin
Asia’s Bitcoin supply continues to increase during bear market
The year-over-year Bitcoin supply in Asia has just breached 9%, its highest level since 2016.
Macro
Eurozone inflation data trends for core CPI, unemployment remain strong
Core CPI stays firm, unemployment stays low, CPI declines
Bitcoin
Bitcoin outshines oil on increase in value since 2010
Uncover the benefits of denominating Bitcoin in oil instead of USD to reveal its true value amid rising inflation.
Bitcoin
Bitcoin suffers worst month since November 2022, while Ethereum holds steady
Bitcoin's worst-performing month since November 2022 contrasts with Ethereum's relative stability.
Bitcoin
Bitcoin miner balance soars to highs not seen since November 2022
Bitcoin miner balance soars to to over 1.8 million Bitcoin; miners appear in good health
Macro
Western inflation re-accelerates in 2023
A continuation of negative real rates have caused a new surge in inflation.
Bitcoin
Roughly $200M of Bitcoin sold onto exchanges by Coinbase whale
Yesterday saw the fifth most amount of Bitcoin deposits to exchanges this year
Bitcoin
Bitcoin hash rate soars, as difficulty to adjust positively on May 31
In the past 14 days, the hash rate has soared 4% hitting all-time highs