EUR/USD 1.15556
-0.343%
Gold 4314.57
-0.779%
Oil 97.695
0.593%
USD/JPY 154.394
0.463%
GBP/USD 1.35067
-0.143%
GBP/JPY 208.541
0.320%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Bank of America (BAC.N) shares fell 5.7% intraday, marking the biggest drop since April 2025.House Minority Leader Jeffreys: If Democrats win the House election, they will prioritize artificial intelligence regulation.On September 15th, Alphabets (GOOG.O) Waymo announced the launch of its paid robotaxi service in Las Vegas, becoming the 15th U.S. city to offer its ride-hailing service. The company stated that the service will begin on Monday and will be rolled out in phases, initially deploying dozens of vehicles and planning to expand to hundreds in the future. Waymo indicated that the Las Vegas robotaxi will not initially have highway access; airport transfers and highway services will be added in later phases. The fleet is managed by Moove, which also operates Waymos vehicles in Phoenix and Miami. Currently, Waymo has over 4,000 driverless taxis in the U.S., providing over 500,000 paid rides per week. The company previously stated its goal of reaching 20 cities globally and 1 million paid rides per week this year, and is preparing for testing in markets such as London and Tokyo.Sources say Northrop Grumman, a defense contractor, has partnered with the U.S. Air Force to assemble the first complete Sentinel intercontinental ballistic missile.On September 15th, according to a Senate aide and a lobbyist familiar with the negotiations, US Senate negotiators are discussing an artificial intelligence regulatory bill that could require AI companies to prove they have taken reasonable precautions to prevent their tools from causing harm. Senators are reportedly discussing whether to grant the US Secretary of Commerce the power to require AI developers to demonstrate they have taken reasonable steps to prevent harm, the so-called "duty of care." They indicated the Secretary of Commerce might also be granted the power to send government inspectors to test companies products. It is currently unclear what measures will be considered "reasonable." The bill is still under discussion, and even if Congress passes it, its eventual enactment as law remains highly uncertain.

ETH and BTC Price Movement Determined by US Statistics and the NASDAQ

Daniel Rogers

Nov 04, 2022 17:36

截屏2022-11-04 上午11.21.34.png 

 

On Thursday, Bitcoin (BTC) and Ethereum (ETH) joined the larger market in the green. Despite Fed Chair Powell's hawkish speech on Wednesday, US economic indicators fell short of forecasts, alleviating Fed concern. The technical indications continue to be optimistic, indicating rising price movements. The price of Ethereum (ETH) increased by 0.86 percent on Thursday. ETH finished the day at $1,531, partially correcting a 3.80% drop from Wednesday.

 

Due to a rocky start to the day, ETH fell to a low of $1,515 early on. Avoiding the First Major Support Level (S1) at $1,475, ETH climbed to a morning high of $1,559. However, after falling short of the First Major Resistance Level (R1) at $1,593, ETH plummeted further below $1,530 before US economic indicators provided support.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Bitcoin (BTC) climbed by 0.29% on Thursday. BTC concluded the day at $20,223, partially reversing a loss of 1.63% from Wednesday. Notably, BTC broke a four-day losing trend by avoiding sub-$20,000 territory for the ninth consecutive day.

 

BTC reached a mid-morning high of $20,404 after a strong start to the day. BTC plummeted to a midday low of $20,052 after failing to surpass the First Major Resistance Level (R1) at $20,629 during the trading session. Despite avoiding the First Major Support Level (S1) at $19,900, BTC retested $20,356 before retreating.

 

US economic figures supported cryptocurrency prices, with the crucial ISM Non-Manufacturing PMI below expectations.

 

The ISM Non-Manufacturing PMI decreased from 56.7 to 54.4 in October. Economists anticipate a drop to 55.5.

 

The subcomponents of the Index were diverse. ISM's Non-Manufacturing Employment Index decreased from 53.0 to 49.1. The Prices Index increased from 68.7 to 70.7. The unit labor costs increased by 3.5% in Q3 compared to 8.9% in Q2.

 

While the statistics were favorable for cryptocurrencies, Fed Chair Powell's recent comments weighed on the NASDAQ Composite Index. The NASDAQ Composite Index declined by 1.73 percent on Thursday.

 

The US jobs report will have a significant impact on the NASDAQ Composite Index and the cryptocurrency market today. Due to the sensitivity of BTC and ETH to US economic statistics and the FED, the correlation with the NASDAQ Composite Index remains intact. The NASDAQ 100 Mini gained 17.75 points this morning.


Suggestion