Alphabet's Google does not need to sell its Chrome browser business, which has driven the stock price (GOOG) to a historic high. The latest job vacancy data released on Wednesday shows that employment positions have dropped to a rare level since the COVID-19 pandemic, and traders are almost certain that The Federal Reserve (FED) will cut rates by 25 basis points next week (9/17). The crypto assets market is experiencing a widespread pump, with Bitcoin (BTC) returning above 112K, and Ether (ETH) also rising back above 4,400. The digital asset financial company (DAT) is showing mixed results, leading to divergent trends.
(US Court: Google does not need to sell Chrome, but must share data with Microsoft and OpenAI, after-hours stock price surged 8.7%)
Weak employment data, is the Federal Reserve set to cut rates next week?
The latest job vacancy data released on Wednesday shows that employment positions have fallen to a rare level since the COVID-19 pandemic, intensifying concerns about the economy. This makes the upcoming August employment report, set to be released on Friday, even more closely watched, as it will be the next major test for the stock market.
According to the median of a Bloomberg survey, economists expect about 75,000 new jobs to be added in August, with an unemployment rate forecasted at 4.3%. The increase in employment numbers has been below 100,000 for four consecutive months, marking the weakest growth since the outbreak of the pandemic in 2020.
The weak job vacancy report further strengthens the possibility of a rate cut by The Federal Reserve (FED) in September, according to strategists at TD Securities:
"If there is a significant downside surprise in the labor market data, it could lead to a substantial decrease in interest rates. We still prefer to buy on dips and expect interest rates to continue to decline throughout the year."
According to the CME FedWatch Index, traders are almost certain that the Federal Reserve (FED) will cut rates by 25 basis points next week on (, and will lower the federal funds rate to a range of 3.75% to 4% by the end of the year.
Bitcoin has returned above 112K, and DAT shows a divergent trend.
The crypto assets market has increased by 1.04% in the past 24 hours, with Bitcoin returning above 112K and Ether also back above 4,400. The Fear and Greed Index has returned to a neutral level of 42.
Entering the traditionally poor-performing month of September, market volatility has also intensified, with Bitcoin's implied volatility rising to 40.18 and Ether also increasing to 73.02. The digital asset financial company )DAT( is showing divergent trends:
MicroStrategy )MSTR(: fall 3.33%
Metaplanet )3350.T(: fall 5.21%
BitMine )BMNR(: pump 5.58%
SharpLink )SBET(: fall 0.94%
Upexi )UPXI(: fall 3.77%
DeFi Dev Corp )DFDV(: pump 0.24%
Many DATs are constantly emerging and flooding the market, causing the original companies' premiums )mNAV( to shrink significantly, with a revaluation taking place. There are also signs of divergent trends appearing, and in the future, only a few niche companies that can attract market attention may survive. Currently, multiple DATs have already shown mNAVs below 1.
) buy coins at weekly highs? SharpLink stock price is sluggish, mNAV falls below 1(
This article reports that Google's stock price has reached a new high, Bitcoin has returned to 112K, and the DAT trend is diverging, first appearing in Chain News ABMedia.
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Google stock price hits a new high, Bitcoin returns to 112K, DAT trend shows divergence
Alphabet's Google does not need to sell its Chrome browser business, which has driven the stock price (GOOG) to a historic high. The latest job vacancy data released on Wednesday shows that employment positions have dropped to a rare level since the COVID-19 pandemic, and traders are almost certain that The Federal Reserve (FED) will cut rates by 25 basis points next week (9/17). The crypto assets market is experiencing a widespread pump, with Bitcoin (BTC) returning above 112K, and Ether (ETH) also rising back above 4,400. The digital asset financial company (DAT) is showing mixed results, leading to divergent trends.
(US Court: Google does not need to sell Chrome, but must share data with Microsoft and OpenAI, after-hours stock price surged 8.7%)
Weak employment data, is the Federal Reserve set to cut rates next week?
The latest job vacancy data released on Wednesday shows that employment positions have fallen to a rare level since the COVID-19 pandemic, intensifying concerns about the economy. This makes the upcoming August employment report, set to be released on Friday, even more closely watched, as it will be the next major test for the stock market.
According to the median of a Bloomberg survey, economists expect about 75,000 new jobs to be added in August, with an unemployment rate forecasted at 4.3%. The increase in employment numbers has been below 100,000 for four consecutive months, marking the weakest growth since the outbreak of the pandemic in 2020.
The weak job vacancy report further strengthens the possibility of a rate cut by The Federal Reserve (FED) in September, according to strategists at TD Securities:
"If there is a significant downside surprise in the labor market data, it could lead to a substantial decrease in interest rates. We still prefer to buy on dips and expect interest rates to continue to decline throughout the year."
According to the CME FedWatch Index, traders are almost certain that the Federal Reserve (FED) will cut rates by 25 basis points next week on (, and will lower the federal funds rate to a range of 3.75% to 4% by the end of the year.
Bitcoin has returned above 112K, and DAT shows a divergent trend.
The crypto assets market has increased by 1.04% in the past 24 hours, with Bitcoin returning above 112K and Ether also back above 4,400. The Fear and Greed Index has returned to a neutral level of 42.
Entering the traditionally poor-performing month of September, market volatility has also intensified, with Bitcoin's implied volatility rising to 40.18 and Ether also increasing to 73.02. The digital asset financial company )DAT( is showing divergent trends:
MicroStrategy )MSTR(: fall 3.33%
Metaplanet )3350.T(: fall 5.21%
BitMine )BMNR(: pump 5.58%
SharpLink )SBET(: fall 0.94%
Upexi )UPXI(: fall 3.77%
DeFi Dev Corp )DFDV(: pump 0.24%
Many DATs are constantly emerging and flooding the market, causing the original companies' premiums )mNAV( to shrink significantly, with a revaluation taking place. There are also signs of divergent trends appearing, and in the future, only a few niche companies that can attract market attention may survive. Currently, multiple DATs have already shown mNAVs below 1.
) buy coins at weekly highs? SharpLink stock price is sluggish, mNAV falls below 1(
This article reports that Google's stock price has reached a new high, Bitcoin has returned to 112K, and the DAT trend is diverging, first appearing in Chain News ABMedia.