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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
US Non-Farm Payroll Data Released: How Did Bitcoin React? - Coin Bulletin
In the United States, the December Non-Farm Payrolls data was announced at 143 thousand, below expectations. Following the announcement, Bitcoin (BTC) and Ethereum (ETH) recorded gains, while the dollar index (DXY) moved upwards.
The TDI data, which is an important indicator for the US economy, is closely monitored by the markets. This month's data, which was announced as 143,000, below the 169,000 expectation, caused instant reactions in the markets. At the same time, the unemployment rate also came in line with expectations at 4.1%.
Bitcoin, which was trading at $97,400 before the data was released, rose to $98,200 after the announcement. Ethereum also reached $2,770 from $2,733**. This move suggests that investors are reacting to weak employment data in favor of the cryptocurrency.
On the other hand, the (DXY) dollar index moved upwards after the announcement and reached the 107.9 level**. The rise of DXY, which is usually inversely correlated with Bitcoin, may cause price movements in the coming hours.
After these data, the market's attention turned to the **Fed interest rate decision to be announced on March 19th(FED). How the Fed will evaluate these data and whether it will make any changes to its interest rate policy will be of critical importance to investors.