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⇗ A Comprehensive Analysis of the Impact of NFP Data on Bitcoin

A Comprehensive Analysis of the Impact of NFP Data on Bitcoin
Bitcoin's 200-day average is reportedly about to lose its bullish momentum as the market keenly watches the Nonfarm Payroll (NFP) data. With the US jobs report hinting at a substantial rate cut, Bitcoin and altcoins have experienced a rise. However, Bitcoin came close to $54K when the August NFP report incited liquidations. Simultaneously, the Pepe Coin price showed signs of a death cross preceding the NFP report. There are discussions surrounding what NFPrompt (NFP) is and if it should be a part of your crypto portfolio. Bitcoin's price prediction became grim as US employment plunged to 2021 lows, while Binance-incubated platform NFPrompt reported losses due to hackers. The upcoming US NFP report could potentially drive BTC to $70k, although it burst $60,000 when US NFP data missed expectations. A rough week was expected for Bitcoin as US Nonfarm payrolls didn't spark much hope. With< b>Bitcoin investors bracing for ECB and Fed policy moves, the cypto market entered the weekend on a strong note following a robust NFP report. Bitcoin's price targets $80k as the US NFP data resulted in an all-time low market supply for BTC. Amidst this, controversy rocked the Binance Launchpool as it released its 41st project, NFPrompt – an AI-based UGC platform. An unexpected crash in crypto markets occurred after revised NFP data revealed 818k fewer jobs. The NFP data also brought good news for Bitcoin traders, challenging the current sell-off. NFPrompt's partnership with Google Cloud led to a 9% surge in NFP price. Yet, a breach in crypto security resulted in user funds lost for the Binance-backed NFPrompt platform.

NFP Coin News Analytics from Sat, 04 Sep 2021 07:00:00 GMT to Fri, 06 Sep 2024 20:46:00 GMT - Rating 5 - Innovation 7 - Information 7 - Rumor 3

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NFP Coin - News Analyzed: 59