The U.S reports an addition of only 114K jobs in July, causing the unemployment rate to increase to 4.3%. Bitcoin's influence reaches beyond Libertarian circles, not just affecting the U.S job market but demonstrating its potential for broader societal change. While meme coins like WienerAI raise questions about their longevity, they are defying market norms and rapidly accumulating value, with WienerAI reaching $9M in presale in just three days.
This volatile market has seen Bitcoin experience $280M in long liquidations within two early days of August. The digital asset JUST Coin, however, has optimistic price predictions for the years 2024, 2025, and 2030. Further stirring the digital currency sphere is Ripple's recent launch of a website for the RLUSD stablecoin, and a Meme Coin trader who bagged $800K in just one hour.
The cryptocurrency market growth continues as Bitcoin pushes towards $70K, needing only a 6% increase for a new all-time high. On the downside, Cathie Woodβs Ark Invest parted ways with $2.7M worth of Coinbase shares. Countries like El Salvador experiment with crypto farming, and advanced tech such as ZK Rollups are being hailed as foundational technologies rather than fleeting trends.
Despite all these ups and downs, reliable corporate bodies like MicroStrategy report a satisfactory 12.2% YTD Bitcoin Yield with a 226,500 BTC balance. Controversial events like Mt. Gox's massive $3B Bitcoin transfer did not impact Bitcoinβs price significantly. Bulls predict an incoming Rally for Bitcoin as Coinbase is being recognized as more than just a crypto exchange.
JUST Coin News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Tue, 06 Aug 2024 11:43:54 GMT - Rating 5 - Innovation 7 - Information 9 - Rumor 1