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The China Earthquake Networks Center officially reported that a 5.1-magnitude earthquake occurred at 19:32 on January 19 in Qiaojia County, Zhaotong City, Yunnan Province (27.01 degrees north latitude, 103.41 degrees east longitude), with a focal depth of 10 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.7 occurred at 19:32 on January 19 near Ludian County, Zhaotong City, Yunnan Province (27.05 degrees north latitude, 103.44 degrees east longitude). The final result is subject to the official rapid report.On January 19th, Dinglong Technology announced its 2025 annual performance forecast, projecting net profit attributable to shareholders of the listed company to be between 700 million and 730 million yuan, representing a year-on-year increase of 34.44% to 40.20%. Net profit excluding non-recurring gains and losses is expected to be between 661 million and 691 million yuan, representing a year-on-year increase of 41.00% to 47.40%. During the reporting period, strong growth in the semiconductor materials and display materials businesses, coupled with deepened cost control and the release of lean operational efficiency, drove improved profitability.Brazilian economists predict that the Central Bank of Brazils benchmark interest rate will be 12.25% by the end of 2026; this was also the previous forecast.A spokesperson for the European Commission said the EU Transatlantic Relations Council will convene on Thursday, January 22.

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.

 

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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.


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