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The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said.
PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.
The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.
Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.
Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.
The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.
Bitcoin prices have paused with support at $30,000
Even so, spot trading volumes are at historically low levels.
The decentralized cloud storage protocol has seen its market value double this week.
- 00:23SOL breaks through $240, up 9.21% in 24 hoursMarket data shows that SOL broke through $240 and is now quoted at $236.73, a 24-hour increase of 9.21%. The market fluctuates greatly, so please control your risks.
- 00:16CryptoQuant founder: A Web3 ecosystem powered by stablecoins is emergingCryptoQuant founder and CEO Ki Young Ju posted on the X platform that cryptocurrency traders are like gamers, and the Web3 project is their game developers. Creating engaging experiences in Web3 is more art than business, and for the dopamine-driven individual, making money is the end game. Currently, meme coins dominate the cryptocurrency market as most altcoins lack a strong narrative based on fundamentals, but a stablecoin-driven Web3 ecosystem is emerging - a new genre for analytical investors, as RPGs are as different from FPSs as this future is so close, it’s eager to dive into it and find alpha through on-chain data.
- 00:14The probability of the Fed cutting interest rates by 25 basis points in December is 61.9%According to CME's "Fed Watch": the probability that the Federal Reserve will keep current interest rates unchanged until December is 38.1%, and the probability of cutting interest rates by 25 basis points cumulatively is 61.9%. The probability of keeping current interest rates unchanged by January next year is 25.9%, the probability of a cumulative 25 basis point interest rate cut is 54.3%, and the probability of a cumulative 50 basis point interest rate cut is 19.8%.
