⚡️Events of the Day: U.S. Labor Market Data
Today is September 5, which means that at 15:30 three important reports on the labor market will be published, namely wages, the number of employed in the non-farm sector, and the unemployment rate. Since the Federal Reserve closely monitors this data and it is taken into account when making decisions on interest rates, volatility is expected in the markets today, including cryptocurrency.
🔹The company Bitmine is purchasing another 54,937 ETH for $237 million. This is already the second large ETH purchase this week.
😈World Liberty Finance of Trump has blacklisted Justin Sun's wallet, freezing WLFI tokens worth over $100 million.
🗣There are also rumors that exchanges are dumping tokens to lower the price. As always, there are some problems with Trump's crypto projects.
🏦The U.S. Treasury just bought back its own bonds worth $2 billion. The total amount over the last 3 weeks has been just under $10 billion.
📊What does this mean for cryptocurrency:
Increased liquidity
— such operations may signal that the government is ready to inject more money into the market. This supports risk assets, including crypto.