US economic indicators and Binance scandal provide turbulent cryptom market session on Thursday-impact on Friday still open

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Von: Krypto News Österreich

Blackrock und Binance lieferten einen unruhigen Donnerstag Der Donnerstag war geprägt von einer geschäftigen Sitzung, die den Kryptomarkt stark beeinflusste. Die US-Wirtschaftsindikatoren führten zu einer rückläufigen Stimmung, als der ADP-Bericht einen unerwarteten Anstieg der Beschäftigung außerhalb der Landwirtschaft um 497.000 zeigte. Dieser Anstieg ließ die Märkte darauf wetten, dass die Federal Reserve im Juli und September die Zinsen erhöhen wird. Neben den wirtschaftlichen Indikatoren trugen auch Nachrichten im Zusammenhang mit Binance zur pessimistischen Stimmung bei. Berichte über den Abgang von Führungskräften bei Binance testeten den Hunger der Käufer. In den letzten Monaten hat Binance die Krypto-Nachrichtenkanäle regelrecht überflutet. Der Schritt …
Blackrock and Binance delivered a restless Thursday Thursday was characterized by a busy session that strongly influenced the cryptom market. The US economic indicators led to a declining mood when the ADP report showed an unexpected increase in employment outside of agriculture by 497,000. This increase had the markets bet on the fact that the Federal Reserve will increase interest rates in July and September. In addition to the economic indicators, news in connection with Binance also contributed to the pessimistic mood. Reports about the departure of managers at Binance test the hunger of the buyers. In the past few months, Binance has literally flooded the crypto news channels. The step ... (Symbolbild/KNAT)

Blackrock and Binance delivered a restless Thursday

Thursday was characterized by a busy session that strongly influenced the cryptoma market. The US economic indicators led to a declining mood when the ADP report showed an unexpected increase in employment outside of agriculture by 497,000. This increase had the markets bet that the Federal Reserve will increase interest rates in July and September.

In addition to the economic indicators, messages in connection with Binance also contributed to the pessimistic mood. Reports about the departure of managers at Binance test the hunger of the buyers. In the past few months, Binance has literally flooded the crypto news channels. The step of the SEC (US Securities and Exchange Commission) against Binance resulted in a domino effect, in which European and Australian supervisory authorities also took a more detailed eye on Binance.

On Thursday, Larry Fink, CEO from Blackrock Inc. (BKL), provided support for BTC at an early stage. Fink described BTC as an international asset and described it as digital gold.

The day before us

Today, Friday promises to become a hectic session in which the US economic calendar will influence the mood of investors in the afternoon. After the response to the ADP report, we expect the US labor market report to have an impact.

However,

investors should continue to keep an eye on the crypto news channels. News about ETFs, Binance and the legal dispute between the Sec and Ripple will be the focus. The developments in these areas could further influence the cryptoma market.

Overall, Thursday was characterized by uncertainty and changes. The economic indicators and news in connection with Binance ensured frustration among market participants. However, the interest in BTC remained, since Larry Fink from Blackrock BTC sees an important investment class. Further exciting developments are to be expected for this Friday, especially with regard to the US labor market report and the crypto messages. Investors should therefore remain attentive and follow the current developments closely.