Weak NFP growth caused the US dollar to fall Saturday, May 8

Weak NFP growth caused the US dollar to fall Saturday, May 8

In April, the US employment growth rate (NFP) was only 266 thousand units! Meanwhile, the market expected growth of 978 thousand units. March data also had a negative adjustment. In other words, the growth of the NFP in March has changed from 916 thousand units to 770 thousand units. The dollar fell in response to the NFP's disappointing growth. Meanwhile, the US unemployment rate has risen to 6.1 percent. The market forecast for the unemployment rate was 5.8 percent.

JP Morgan CEO called on regulators to pay attention to the crypto market

JP Morgan CEO called on regulators to pay attention to the crypto market

Jimmy Damon, CEO of JPMorgan, during an May 6 interview with ICI President and CEO Eric J. Pan, called on regulators to pay more attention to digital currencies before the crypto market grows too large to tame. To be.

"Because when it's $ 3 trillion, then $ 4 trillion, then $ 5 trillion. "When grandmothers start buying it and people steal it and ransomware is everywhere, you wonder why you did not enact a law for them."

Demon, who is not yet a supporter of Bitcoin, claimed that it was time for a "legal, regulatory and tax-related framework" for the class, given the fact that the crypto market value now exceeds $ 2 trillion. Design a new asset:

"I'm not a fan of bitcoin, but it does not matter. There should be a legal, regulatory and tax-related framework for crypto. It is now worth $ 2 trillion. "When do they want to say, 'My God, is this market worth our attention?'"

Damon had previously stated that JP Morgan customers are interested in bitcoin.

An overview of the cryptocurrency market today Saturday, May 1

An overview of the cryptocurrency market today Saturday, May 1

$ 6,000 price increase for Bitcoin in two days

While the Altcoin market has seen a significant price increase recently, Bitcoin seems to have stalled. The market's first cryptocurrency, which had slumped below $ 50,000 in April, failed to rise above $ 55,000.

The bears took advantage of this BTC inability and pulled it down again, raising the price to around $ 52,000 on April 29. Since then, the bitcoin movement has reversed.

As a result of these positive developments, the asset traded at around $ 54,000 before finally starting a significant uptrend. Within hours, the cryptocurrency rose about $ 4,500, reaching its highest level since the April 18 crash.

The value of the Bitcoin market also stabilized above $ 1 trillion on this uptrend. In addition, BTC regained almost 1% of its lost dominance in the market and now stands at 49%.

New record of Ether and Bainance Quinn

Most altcoins have been on the rise recently, but perhaps none have been as significant as Ethereum, the market's second-largest currency. Atrium set several consecutive records last week. In the last 24 hours, ETH reached its latest record of just over $ 2,870 (on Bitstamp). The market's third-largest cryptocurrency, Binance Quinn, also saw a new slump. The BNB was hovering around $ 600 yesterday, but jumped more than $ 40, reaching a new record at around $ 645 (in Binance).

Ripple (4%), Polkadot (1.5%) and Bitcoin Cash (12%) are also among the top 10 green currencies today. Nevertheless, the Dodge Quinn had the most dramatic performance with a 15% increase. As a result of these developments, DOGE is trading at around $ 0.35.

DigiByte (29%), Avalanche (22%), SwissBorg (17%), OKB (17%), Ren (15%), Compound (15%), Ethereum Classic (13%), Bitcoin SV (12%), Phantom (12%) and Reserve Rights (10%) are among the currencies that have grown in double digits today.

Finally, the market capitalization has increased by $ 170 billion in two days and is well above $ 2 trillion.