NPFCryptoImpact
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From Skeptics to Believers: Wall Street's Crypto Evolution
The landscape of institutional crypto trading transformed dramatically throughout 2024, culminating in Bitcoin's breakthrough above $100,000 in December. This milestone coincided with the successful launch of Bitcoin and Ethereum ETFs, which proved transformative for the market structure. Notably, U.S. $BTC ETF inflows surpassed those of gold ETFs, marking what Finery Markets describes as "the most successful exchange-traded product launch in history."
Traditional financial institutions demonstrated a significant shift in their approach to digital assets, moving from skepticism to acceptance. The fourth quarter particularly highlighted this transformation, as post-election sentiment drove remarkable growth across all major cryptocurrencies. Bitcoin trading expanded by 80% year-over-year, while Ethereum volumes surged by 187%, and stablecoin activity grew by an impressive 191%.
From Skeptics to Believers: Wall Street's Crypto Evolution
The landscape of institutional crypto trading transformed dramatically throughout 2024, culminating in Bitcoin's breakthrough above $100,000 in December. This milestone coincided with the successful launch of Bitcoin and Ethereum ETFs, which proved transformative for the market structure. Notably, U.S. $BTC ETF inflows surpassed those of gold ETFs, marking what Finery Markets describes as "the most successful exchange-traded product launch in history."
Traditional financial institutions demonstrated a significant shift in their approach to digital assets, moving from skepticism to acceptance. The fourth quarter particularly highlighted this transformation, as post-election sentiment drove remarkable growth across all major cryptocurrencies. Bitcoin trading expanded by 80% year-over-year, while Ethereum volumes surged by 187%, and stablecoin activity grew by an impressive 191%.
#NPFCryptoImpact
Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology and a blockchain to record transactions. It was created by Satoshi Nakamoto and the first block was mined on January 3, 2009. Bitcoin transactions are recorded on a blockchain, which is a distributed ledger that can be accessed by anyone to verify transactions. Transactions are verified by miners, who are rewarded with a set amount of Bitcoin and transaction fees. The supply of Bitcoin is limited to 21 million coins and it is divisible to eight decimal places. A wallet is needed to use Bitcoin and it consists of a public key, which is used to send and receive payments, and a private key, which is used to control the wallet. Bitcoin can be used for a variety of purposes, including everyday transactions, as a store of value, or for investment.
Bitcoin is a decentralized cryptocurrency that uses peer-to-peer technology and a blockchain to record transactions. It was created by Satoshi Nakamoto and the first block was mined on January 3, 2009. Bitcoin transactions are recorded on a blockchain, which is a distributed ledger that can be accessed by anyone to verify transactions. Transactions are verified by miners, who are rewarded with a set amount of Bitcoin and transaction fees. The supply of Bitcoin is limited to 21 million coins and it is divisible to eight decimal places. A wallet is needed to use Bitcoin and it consists of a public key, which is used to send and receive payments, and a private key, which is used to control the wallet. Bitcoin can be used for a variety of purposes, including everyday transactions, as a store of value, or for investment.
Stablecoins Reshape Global Finance
Stablecoins cemented their position as the crucial bridge between traditional and digital finance in 2024. Transaction volumes surpassed those of Visa, demonstrating their essential role in facilitating global business operations. The 147% year-over-year growth in stablecoin transactions underscores the limitations of traditional banking infrastructure in meeting modern market demands.
"Transaction volumes exceeded those of Visa, underscoring their utility in the fast-paced global business environment and exposing the limitations of legacy banking infrastructure in meeting growing market demands,” the report further said
#NPFCryptoImpact
$BTC
Stablecoins cemented their position as the crucial bridge between traditional and digital finance in 2024. Transaction volumes surpassed those of Visa, demonstrating their essential role in facilitating global business operations. The 147% year-over-year growth in stablecoin transactions underscores the limitations of traditional banking infrastructure in meeting modern market demands.
"Transaction volumes exceeded those of Visa, underscoring their utility in the fast-paced global business environment and exposing the limitations of legacy banking infrastructure in meeting growing market demands,” the report further said
#NPFCryptoImpact
$BTC
🌖 Weighty Legal Proceedings on the Cards
Terraform Labs’ co-founder, #DoKwon , will be embroiled in a lengthy legal case following the latest disclosure. Kwon was allegedly involved in the capitulation of the project’s algorithmic stablecoin, TerraUSD.
The stablecoin depegged in 2022, sparking the notorious crash of the network’s native token, $LUNA
. As a result, the implosion wiped out over $40 billion from the cryptocurrency market and catalyzed a series of bankruptcy filings from major digital asset firms considerably exposed to the ecosystem.
Meanwhile, with the case still new, the prosecutors stated that converging victims of the fallout for a fair trial was unrealistic due to the large number. However, the government proposed creating a website to update affected entities on the legal process.
Furthermore, the prosecuting council will allow victims exposed to the $40 billion wipeout to participate in the legal process. Interested parties can come forward and testify against Do Kwon and Terraform with evidence.
#NPFCryptoImpact
The stablecoin depegged in 2022, sparking the notorious crash of the network’s native token, $LUNA
. As a result, the implosion wiped out over $40 billion from the cryptocurrency market and catalyzed a series of bankruptcy filings from major digital asset firms considerably exposed to the ecosystem.
Meanwhile, with the case still new, the prosecutors stated that converging victims of the fallout for a fair trial was unrealistic due to the large number. However, the government proposed creating a website to update affected entities on the legal process.
Furthermore, the prosecuting council will allow victims exposed to the $40 billion wipeout to participate in the legal process. Interested parties can come forward and testify against Do Kwon and Terraform with evidence.
#NPFCryptoImpact
🌍💡#NPFCryptoImpact : The recent Non-Farm Payroll (NFP) report has sent shockwaves across markets, but BTC stands resilient! 💪💥🚀🚀🚀
While traditional markets fluctuate on labor data, Bitcoin continues to showcase its position as a hedge against uncertainty. 📉📈 As the macroeconomic picture evolves, BTC’s fixed supply and decentralized nature make it the ultimate alternative to inflation-prone fiat systems. 🪙🚀
Investors are increasingly eyeing BTC as a safe haven in this era of economic unpredictability. 📊 Is the NFP data another catalyst for Bitcoin’s upward trajectory? The numbers may fluctuate, but the fundamentals remain solid. 🌐🔥🚀
Don’t get left behind—this could be Bitcoin’s moment to shine! ⚡
$BTC #USJobsSurge256K #NPFCryptoImpact
While traditional markets fluctuate on labor data, Bitcoin continues to showcase its position as a hedge against uncertainty. 📉📈 As the macroeconomic picture evolves, BTC’s fixed supply and decentralized nature make it the ultimate alternative to inflation-prone fiat systems. 🪙🚀
Investors are increasingly eyeing BTC as a safe haven in this era of economic unpredictability. 📊 Is the NFP data another catalyst for Bitcoin’s upward trajectory? The numbers may fluctuate, but the fundamentals remain solid. 🌐🔥🚀
Don’t get left behind—this could be Bitcoin’s moment to shine! ⚡
$BTC #USJobsSurge256K #NPFCryptoImpact
Nonfarm Payrolls Surge To 256K, What Next For Bitcoin?
The latest nonfarm payrolls data shows a surge in the US employment rate for December. Meanwhile, the unemployment rate also came in lower than expected. These macroeconomic figures could significantly impact Bitcoin and the broader crypto market.
US Nonfarm Payrolls Surge To 256,000The Labor Department data shows that the total nonfarm payroll employment increased by 256,000 in December, beating the estimates of 160,000. This again represents a strong US job data after an increase to 227,000 in November.
The unemployment rate dropped to 4.1%, as against the expected 4.2% recorded in November. Following the release of this nonfarm payrolls report, traders are now betting against a first-half rate cut from the Federal Reserve.
These traders predict that the Fed will only cut rates once this year, and it is unlikely to happen earlier than June. Specifically, they project that the only interest rate cut this year will occur in October.
This development presents a bearish outlook for the BTC price, considering how this macro data could play out in the minds of investors. The Fed made three interest rate cuts last year, which makes a potential one rate cut this year more disappointing.
Treasury Yields Rise To Highest Levels Since 2023Following the release of the nonfarm payrolls report, the US 10-year and 30-year treasury yields rose to their highest levels since November 2023. This macro data also presents a bearish outlook for Bitcoin and the broader crypto market.
Meanwhile, as expected, the US dollar has strengthened amid the strong US job data report. These macro factors have already added to the significant volatility that is being experienced in the crypto market today.
There had already been a lot of volatility since the day began due to the 19,000 BTC options, which expired just before the release of these macro data.
All eyes will be on the Producer Price Index (PPI) and Consumer Price Index (CPI) inflation figures
#Nonfarmpayroll #NPFCryptoImpact #Bitcoin #cryptocurrencies #Cryptonews
The latest nonfarm payrolls data shows a surge in the US employment rate for December. Meanwhile, the unemployment rate also came in lower than expected. These macroeconomic figures could significantly impact Bitcoin and the broader crypto market.
US Nonfarm Payrolls Surge To 256,000The Labor Department data shows that the total nonfarm payroll employment increased by 256,000 in December, beating the estimates of 160,000. This again represents a strong US job data after an increase to 227,000 in November.
The unemployment rate dropped to 4.1%, as against the expected 4.2% recorded in November. Following the release of this nonfarm payrolls report, traders are now betting against a first-half rate cut from the Federal Reserve.
These traders predict that the Fed will only cut rates once this year, and it is unlikely to happen earlier than June. Specifically, they project that the only interest rate cut this year will occur in October.
This development presents a bearish outlook for the BTC price, considering how this macro data could play out in the minds of investors. The Fed made three interest rate cuts last year, which makes a potential one rate cut this year more disappointing.
Treasury Yields Rise To Highest Levels Since 2023Following the release of the nonfarm payrolls report, the US 10-year and 30-year treasury yields rose to their highest levels since November 2023. This macro data also presents a bearish outlook for Bitcoin and the broader crypto market.
Meanwhile, as expected, the US dollar has strengthened amid the strong US job data report. These macro factors have already added to the significant volatility that is being experienced in the crypto market today.
There had already been a lot of volatility since the day began due to the 19,000 BTC options, which expired just before the release of these macro data.
All eyes will be on the Producer Price Index (PPI) and Consumer Price Index (CPI) inflation figures
#Nonfarmpayroll #NPFCryptoImpact #Bitcoin #cryptocurrencies #Cryptonews
It was a very hard week, and a harder one coming, but remember it's part of the hustle.
#USJobsSurge256K #NPFCryptoImpact
Would you stop your grids on this bad market?
#USJobsSurge256K #NPFCryptoImpact
Would you stop your grids on this bad market?
Yes, can't take the loss
64%
Hell No! bring it on!
27%
Only Stop Red ones
9%
90 votes • Voting closed
Nonfarm Payrolls Surge To 256K, What Next For Bitcoin?
Nonfarm Payrolls Surge To 256K, What Next For Bitcoin?
The latest nonfarm payrolls data shows a surge in the US employment rate for December. Meanwhile, the unemployment rate also came in lower than expected. These macroeconomic figures could significantly impact Bitcoin and the broader crypto market.
US Nonfarm Payrolls Surge To 256,000The Labor Department data shows that the total nonfarm payroll employment increased by 256,000 in December, beating the estimates of 160,000. This again represents a strong US job data after an increase to 227,000 in November.
The unemployment rate dropped to 4.1%, as against the expected 4.2% recorded in November. Following the release of this nonfarm payrolls report, traders are now betting against a first-half rate cut from the Federal Reserve.
These traders predict that the Fed will only cut rates once this year, and it is unlikely to happen earlier than June. Specifically, they project that the only interest rate cut this year will occur in October.
This development presents a bearish outlook for the BTC price, considering how this macro data could play out in the minds of investors. The Fed made three interest rate cuts last year, which makes a potential one rate cut this year more disappointing.
Treasury Yields Rise To Highest Levels Since 2023Following the release of the nonfarm payrolls report, the US 10-year and 30-year treasury yields rose to their highest levels since November 2023. This macro data also presents a bearish outlook for Bitcoin and the broader crypto market.
Meanwhile, as expected, the US dollar has strengthened amid the strong US job data report. These macro factors have already added to the significant volatility that is being experienced in the crypto market today.
There had already been a lot of volatility since the day began due to the 19,000 BTC options, which expired just before the release of these macro data.
All eyes will be on the Producer Price Index (PPI) and Consumer Price Index (CPI) inflation figures, which will come out next week. Those inflation figures will likely further dampen expectations of a Fed rate cut in the first half of the year.
What Next For The Bitcoin Price?
The Bitcoin price flash crashed to as low as $92,000 following the release of the nonfarm payrolls data but is now back above $93,000.
However, the flagship crypto is still at risk of a significant price correction, especially with the likelihood of the US government selling its $6.5 billion Silk Road BTC stash before Donald Trump takes office.
Crypto analyst Titan of Crypto has also drawn the crypto community’s attention to a Bitcoin correction fractal from 2020 that is unfolding following the strong US job data.
The crypto analyst remarked that there are mixed implications ahead for risk assets like BTC and other cryptocurrencies. His accompanying chart showed that BTC is at risk of falling to as low as $81,000, depending on how this plays out.
#Nonfarmpayroll #NPFCryptoImpact #Bitcoin #cryptocurrencies #Cryptonews
The latest nonfarm payrolls data shows a surge in the US employment rate for December. Meanwhile, the unemployment rate also came in lower than expected. These macroeconomic figures could significantly impact Bitcoin and the broader crypto market.
US Nonfarm Payrolls Surge To 256,000The Labor Department data shows that the total nonfarm payroll employment increased by 256,000 in December, beating the estimates of 160,000. This again represents a strong US job data after an increase to 227,000 in November.
The unemployment rate dropped to 4.1%, as against the expected 4.2% recorded in November. Following the release of this nonfarm payrolls report, traders are now betting against a first-half rate cut from the Federal Reserve.
These traders predict that the Fed will only cut rates once this year, and it is unlikely to happen earlier than June. Specifically, they project that the only interest rate cut this year will occur in October.
This development presents a bearish outlook for the BTC price, considering how this macro data could play out in the minds of investors. The Fed made three interest rate cuts last year, which makes a potential one rate cut this year more disappointing.
Treasury Yields Rise To Highest Levels Since 2023Following the release of the nonfarm payrolls report, the US 10-year and 30-year treasury yields rose to their highest levels since November 2023. This macro data also presents a bearish outlook for Bitcoin and the broader crypto market.
Meanwhile, as expected, the US dollar has strengthened amid the strong US job data report. These macro factors have already added to the significant volatility that is being experienced in the crypto market today.
There had already been a lot of volatility since the day began due to the 19,000 BTC options, which expired just before the release of these macro data.
All eyes will be on the Producer Price Index (PPI) and Consumer Price Index (CPI) inflation figures, which will come out next week. Those inflation figures will likely further dampen expectations of a Fed rate cut in the first half of the year.
What Next For The Bitcoin Price?
The Bitcoin price flash crashed to as low as $92,000 following the release of the nonfarm payrolls data but is now back above $93,000.
However, the flagship crypto is still at risk of a significant price correction, especially with the likelihood of the US government selling its $6.5 billion Silk Road BTC stash before Donald Trump takes office.
Crypto analyst Titan of Crypto has also drawn the crypto community’s attention to a Bitcoin correction fractal from 2020 that is unfolding following the strong US job data.
The crypto analyst remarked that there are mixed implications ahead for risk assets like BTC and other cryptocurrencies. His accompanying chart showed that BTC is at risk of falling to as low as $81,000, depending on how this plays out.
#Nonfarmpayroll #NPFCryptoImpact #Bitcoin #cryptocurrencies #Cryptonews
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