Market Wrap: The Bitcoin rally continues with an increase to $ 22,000

Market Wrap: The Bitcoin rally continues with an increase to $ 22,000

Bitcoin gradually gained dynamics this week after a longer phase of the tension -bound trade. On Friday morning New York, it recovered to $ 22,000 before it lost something and at $ 21,796, an increase of 1.05 %. Ether (Eth) was traded up to $ 1,238, an increase of 0.32 % from 4:00 p.m.

The recovery comes when the US Ministry of Labor published a better than expected job report on June and showed that the newly created places reached 372,000, while the unemployment rate remained consistently 3.6 %.

"After it became clear that short -term sales dynamics decreased, Bitcoin has stabilized, even if the risk aversion remains the prevailing way of thinking on Wall Street," wrote Edward Moya, Senior Market Analyst at the foreign exchange company Oanda, in A Note Friday.

US shares slightly gave up on Friday, with the S&P 500 closed by 0.08 % to 3,899 and the DJia by 0.15 % to 31,339. The technology-oriented Nasdaq fell by $ 0.09 % to $ 156.56, after the video game dealer Wallstreet Journal Market dates.

The global markets remained stable, despite the shock of the murder of the former Japanese Prime Minister Shinzo Abe, who was shot at a political event early on Friday morning. Tokios nikkei 225 ended unchanged at 26.517,19, a plus of 0.1 %. The MSCI International ACWI Price Index fell to $ 434.80 at 3:35 p.m., which corresponds to a decline of 0.16 % in the last 24 hours.

The US dollar hardly moved to the Japanese yen-an increase of 0.05 %-and the euro rose to $ 1.018, an increase of 0.2 %.

In the area of ​​decentralized finances (Defi) Uniswapder Token of AAVE, $ 1.79 % rose to $ 2.16 % to $ 71.72. Makerdao's token fell by -0.51 % to $ 974.17

Top stories

Marketing materials from Crypto Lender Voyager under the FDIC scanner

• After his bankruptcy request this week, the news appeared that the crypto loan Voyager had changed the wording on his website that customer funds are insured by the Federal Deposit Insurance Corporation.
• The crypto loan claimed that customers could "access funds after completing a voting and fraud prevention process".

Celsius distributed funds to defi degen

• Celsius sent over 500 million dollars to be managed by a prominent define “Wal” called “0xB1”.
• The data show that the dealer or the group of dealers led the Ethereum letter bag starting with this prefix, which has sent and received between 1.33 and $ 1.95 billion in the course of its existence.

latest crypto recruiting: binance.us sets cfo to plan ipo path

• binance.us has appointed Jasmine Lee as the new Chief Financial Officer.
• The Algorand Foundation has hired two managers this week, including one who has spent more than 20 years at JPMorgan.

go forward

The markets look at the publication of the consumer price index (CPI) report from June next week. The analysts of the Bitfinex crypto tours observe whether "a lively cryptocurrency market in the last 24 hours" will lead to more purchase interest in July.

"Inherent resistance that has shown cryptocurrency in the past few weeks in view of a wave of liquidations and solvency problems has come to the fore today when the market entered the green zone," said the analysts of Bitfinex Blockworks in an email. "Hedge funds that rely on wider contagion and market capitulation could lick their wounds because Bitcoin and [ether] both achieve impressive profits," the analysts stated.

"Bitcoin was strengthened by an increased risk of risks, as a four-day winning streak in the US S&P 500 shows, where struck technology shares have also recovered," they added.

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The post "Market Wrap: Bitcoin Rally Continues with Rise to $ 22,000" is not a financial advice.