Analysts argue that this may be a very good indicator for the FED, which has contemplated in March of this year to begin to increase bank interest rates and reduce economic support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. in light of rising inflationary levels.
Recently released reports revealed that the U.S. opened some 467,000 new job openings last January, far exceeding projections put forward by economists concerned about the country’s financial performance, especially in light of the proliferation of U.S. COVID before the arrival of the variantOmicron.
Good indicators for the FED
This is particularly important in relation to the plans for the US Federal Reserve (FED) ), as it plans to modify certain measures it has been implementing throughout the pandemic. These include further reducing the amount of capital capital is most commonly defined as the large sum of money you would use to invest. earmarked for the repurchase of sovereign bonds, as well as intentions to increase bank interest rates that had remained close refers to the closing price; similar to the same term used in stock trading. to zero since 2020.
In relation to the increase of job vacancies, the data comes from a report recently presented by the U.S. Department of Labor today. The 467,000 openings during the month of January far exceeded the 150,000 positions anticipated in a Dow Jones survey, where analysts were pessimistic precisely because the pandemic appeared to be entering one of its most important peaks after the Christmas holidays.
More active labour market an area or arena, online or offline, in which commercial dealings are conducted. and Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions.
While the main concern of the FED While the unemployment rate has to do with the growth recorded in inflation a general increase in prices and fall in the purchasing value of money. levels, the number of job vacancies seems to show a better outlook for the local economy. According to the department, the unemployment rate has remained at 4% since December last year, but with these figures, the projections look much more favorable.
The reactivation of the labour market would be a very good sign for the FED, but a change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. in the above-mentioned measures could prove detrimental to Bitcoin and for the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. ecosystem, as this would represent reduced liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. for this market in the US, especially in the absence of financial instruments that provide greater exposure to more traditional investors.
In this regard, the market strategist at LMAX Digital, Joel Kruger, commented:
“If the data suggests that the Fed will have to be more aggressive with rate hikes… this juncture for the time being will continue to have a negative impact on cryptocurrencies.”
Although the news generates negative expectations for both the stock market and cryptocurrencies, in the latter case the price of Bitcoin and the main exponents has been rising during the afternoon hours, especially highlighting the main digital currency after surpassing USD $40,000 per unit this February 4.
- Markets in green! Bitcoin surpasses USD $39,000 and major altcoins rise on February 4
- Fed Chairman announces that bank interest rates will begin to rise starting in March of this year
- Fed report on cryptocurrencies to be released in coming weeks, Jerome Powell says
Version by Angel Di Matteo / DiarioBitcoin
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