🚨 July 4th Crypto Recap — You WON’T Believe Today’s Headlines
Too much happened in 24 hours. Read this twice.👇
🔹 BlackRock’s #BitcoinETF now ranks 3rd out of 1,197 U.S. funds in revenue
🔹 JD.com & Ant Group pushing yuan stablecoins to challenge USD
🔹 Whales dumped 500K BTC in a year, but institutions bought 900K+ $BTC
🔹 Dormant wallet from 2011 just moved 10K BTC ($1.09B) — bought at $0.78
🔹 Cathie Wood: “ #Bitcoin bull market is still on”
🔹 Ripple launches $200K XRPL accelerator in Singapore
🔹 Vitalik: “Ethereum has exceeded all expectations”
🔹 Trump-backed token $WLFI may become tradable soon
🔹 $140M stolen in Brazil — ZachXBT tracks $40M OTC
🔹 Microsoft bans 3,000+ accounts tied to North Korean infiltration
🔹 FTX may block users in 49 countries from payouts — 82% from China
🔹 Turkey blocks PancakeSwap 🇹🇷
🔹 Russia launching RUBx token on Tron
🔹 U.S. warns EU: 17% tariffs on food exports incoming
🔹 Bonus: BTC on July 4, 2010 = $0.01 → Today = $107,800 (+1,078,000,000%)
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ETH Token Faces 2.41% Drop Amid High Volume, ETF Inflows, and Key $2,600 Resistance
Ethereum (ETHUSDT) has experienced a 2.41% price decline over the past 24 hours, with the current price at $2,520.00 according to Binance data. This downturn follows a period of heightened volatility, where technical indicators such as the RSI entered the oversold zone, suggesting increased selling pressure. Recent news highlights renewed accumulation interest among traders, a breakout from previous consolidation, and ongoing ETF inflows, but strong resistance near the $2,600–$2,642 range and cautious market sentiment have limited upward momentum. The price movement is also influenced by a declining ETH supply on exchanges and mixed analyst outlooks regarding key support and resistance levels.
Ethereum’s 24-hour trading volume remains high, reflecting active market participation, while its market capitalization stands at approximately $304 billion. The asset continues to trade within a wide range, with recent lows near $2,474 and highs around $2,603, as investors monitor critical support at $2,500 and resistance above $2,600.
📊 U.S. Jobs Data Surprises to the Upside — What It Means for the Fed and Markets
The latest U.S. jobs report delivered an unexpected jolt to markets as nonfarm payrolls surged by 147,000 in June, beating forecasts and sending a clear message: the labor market is still strong. The unemployment rate also dropped to 4.1%, underlining the resilience of the economy despite elevated interest rates and global uncertainty.
🔍 Key Highlights:
Labor Market Strength
The report defied predictions of a slowdown. Economists had expected more muted growth amid signs of cooling consumer demand and tighter financial conditions. Instead, job creation remained solid, especially in the healthcare and leisure/hospitality sectors, which continue to rebound post-pandemic.
Sectoral Trends
▪ Manufacturing: Lost 7,000 jobs — a potential reflection of trade tensions and shifting global supply chains.
▪ Federal Government Payrolls: Dipped slightly, offset by gains in private sectors.
▪ Healthcare & Hospitality: Led job gains, driven by long-term demographic demand and post-COVID normalization.
💼 Fed Outlook: September Becomes the Key Focus
While many hoped for a July rate cut, this data closes the door on immediate easing. With inflation still a concern, the Federal Reserve is likely to hold rates steady through the summer.
Markets are now pricing in two rate cuts by year-end, down from three earlier this quarter. The September FOMC meeting is shaping up to be a critical pivot point — assuming future reports show signs of disinflation or labor market softness.
📉 Market Implications:
Crypto & Stocks: Short-term volatility likely as traders reassess the Fed’s path.
Dollar: A resilient job market could lend strength to the greenback, temporarily pressuring risk assets.
Bond Yields: May rise further if fewer cuts are expected.
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