Friday’s abnormally strong jobs data resonated like a bomb across the financial markets. The US economy added 353’000 nonfarm jobs last month versus the consensus of around 185’000 new job additions. The average wage growth unexpectedly accelerated to 4.5%, and the unemployment rate remained steady at 3.7%. Here we are, finding ourselves with an NFP […]
Market Picture The cryptocurrency market is up 0.1% over the past 24 hours, but a closer look reveals that the market has hit resistance at $3.50 trillion twice since the beginning of the week, pulling back to the current $3.46 trillion. While Bitcoin remains range-bound and unable to break through $100,000, it’s altcoin season, according […]
The post Altcoin Season Kicks off as Bitcoin Hits Ceiling appeared first on Action Forex.
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