Employment Data to be Released Today
Today, Unemployment Rate and Non-Farm Payrolls data will be released at 15.30 Turkey time. Yesterday’s ADP Non-Farm Payrolls and Unemployment Benefit Claims data were both above expectations. In the data to be released today, the expectation for the Unemployment Rate is to fall from 3.7% to 3.6%, while Non-Farm Payrolls are expected to fall from 339K to 225K. Along with this data, the upcoming Average Hourly Earnings data may also be influential for the market.
Phantom Network Hack Incident
There was a major theft on the Phantom network. Millions of dollars of assets were reportedly stolen through the Multichain bridge on Fantom. Security companies investigating the incident have allegedly said that a breach may have been found. It was stated that 58 million USDC, 1020 wBTC, 7200 wETH, 4 million DAOs were stolen, and coins such as Chalinlink, Curve DAO, YFI may have been stolen.
What is Blur V2 Changing?
Blur recently announced the release of Version 2 to its followers on Twitter. The announcement started with a 50% drop in gas prices and feature offers, and then it was announced that Blur v1 offers will no longer work. The promise of a 50% reduction in gas prices was the most striking part. It was also stated in the announcement that gas fees will be saved by 16 dollars at current rates.
Polkadot and Cardano Continue to Rise in Developer Activity
When we look at Santiment’s weekly developer activity, we see that the top three places remain unchanged, but there are changes among them. Polkadot 1st place, Kusama in 2nd place, In 3rd place is Cardano.
Ethereum Trade Volume Continues to Rise
We see that the daily trade volume in Ethereum continues to rise, but the $2000 level has not been reached. Ethereum trade managed to reach a daily volume level of 7 billion dollars.
BITCOIN(BTC)
Bitcoin is priced at $ 30,212 with a 1.06% gain in value as of today morning hours. With the incoming data and negative news flows in Bitcoin, the price started to test 29,800, the support level, while testing 31,400. Afterwards, Bitcoin, which did not close below 29,850 and made a return from here, managed to rise to the 30,200 region. After the negative pricing of the market with the employment data yesterday, we would like to say that the data to be announced today may be quite important.
ETHEREUM(ETH)
ETH, which gained 0.61% as of morning hours, is priced at $ 1857. After the failure of the 1970 breakout in Ethereum, we see that the price movement continued negatively and started a major sales movement with the failure of the breakout after the 1930 test yesterday. Ethereum, which broke the 1890 region downwards for the first time since early July, saw support from the 1855 region and managed to realize a return from there for now. The primary target for Ethereum will be 1890 and then 1930.
FANTOM(FTM)
As of today morning hours, Phantom is priced at $ 30,212 with a gain of 0.04%. After the negative news in Fantom, we see that it retreated to 0.26 and lost more than 10% of its value. For now, the 0.2550-0.26 zone can be used as a support zone in FTM, which sees a reaction at 0.26. However, we can say that stop levels should be considered in case of a break of this zone.
