Bitcoin Falls After 517K Jobs Added in January, Beating Expectations
The U.S. added 517,000 jobs in January, reported the Bureau of Labor Statistics (BLS), a huge jump from the revised 260,000 in December, and massively beating economist forecasts for 185,000.
Research: BTC Price Surge Increases Miner Profitability, Indicating Market Bottom
Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms.
Ray Dalio Still Doesn’t Like Bitcoin but Thinks Inflation-Beating Coin Could Work
Ray Dalio, the billionaire hedge fund investor and founder of Bridgewater Associates, has long been critical of excess money printing and written detailed explainers on the value of money. He still doesn't like Bitcoin, though.
MicroStrategy’s Michael Saylor Questions Charlie Munger’s Knowledge on Bitcoin
Michael Saylor, the Executive Chairman of MicroStrategy, stated that Charlie and other prominent business leaders are constantly being asked for their opinion on Bitcoin (BTC), despite the fact that they have zero to no knowledge about the flagship cryptocurrency.
Bitcoin Addresses with Non-Zero Balance Could Soon Hit Record High – What This Means for BTC Price
According to Glassnode data, the number of Bitcoin wallet addresses holding a non-zero balance could soon hit an all-time high, with the latest price rally that has seen the value of the world’s largest cryptocurrency jump nearly 40% this year seemingly drawing in new investors.
What January US Jobs News Means For Bitcoin (BTC) Price In Coming Months?
The January US jobs report indicated the inherent strength of the labor market amid concerns of high inflation in the country. This could potentially have a significant bearing in the Federal Reserve‘s interest rate hike decisions in the coming months. However, the nominal wage growth declined to 4.4 percent, the lowest yearly rate since August 2021. Meanwhile, the Bitcoin (BTC) price showed an immediate negative reaction to the robust jobs data.
MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.
Bitcoin, Ether Slip As Unexpectedly Strong US Jobs Report Signals Continued Rate Hikes
Cryptocurrencies and traditional markets slid as the U.S. jobs report numbers more than doubled estimates.
MicroStrategy Stock Soars 100% in 2023 As Firm Bought 8,800 BTC During 2022 Crash
Enterprise business intelligence (BI) software vendor MicroStrategy (NASDAQ: MSTR) purchased over 8,800 Bitcoin (BTC) during the massive plunge the cryptocurrency market suffered in 2022, whereas its stock more than doubled since the year’s turn, a new report has shown.
Marathon Reports 45% Increase in BTC Production in January
U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.
