We mentioned that the rise should be started with the ADP data because it was an important signal for labor. Following the Vietnam agreement, the expected movement began and BTC recovered $ 109,500. Now, with closing over 109 thousand dollars, the risk appetite in subcoins should revive. So what were the estimates of the analysts just before the rise?
Why did crypto coins rose?
There are basically two reasons. The first ADP It was a signal of relaxation of data on labor markets. If the FED is going to download interest rates, it will do it with the trigger of two conditions. The first is the limited effect of tariffs on inflation. The second is relaxation in labor markets. ADP data gave us an important signal before the next main employment data coming tomorrow, and in recent weeks, Fed member Waller supported the call of Waller’s call to “the labor force is weakening, let’s download interest rates in July”. The second important development was the Vietnam tariff agreement.
TKL shared the following graph and wrote the following about ADP data;
“In May, the number of those who voluntarily left their jobs decreased by 151,000 to 704,000, and has reached the lowest level since November 2020. This has been the second largest month decline since 2020.
As a result, the rate of those who left the job in total employment decreased by 2 points to 9.8 %and reached the lowest level since May 2021. This rate fell 4 points in the last 6 months. In the past, such a rapid decline was rarely seen except for recession periods. In other words, the Americans began to be more cautious about changing jobs with the slowdown of employment due to economic uncertainty. The labor market is getting worse. “
OP COIN AND PLAYS
Poppe, who says he sees a rise deviation for Op Coin today, is proud of being right with the recovery of the general market. Analyst in BTC parity OP COIN The price is now waiting for him to return from the bottom. This is the expectation for many altcoin and for months Your crypto coins Almost all BTC melted in the parity.
“There is still a strong rise deviation in the OP and I think it will be valid. No confirmation yet, let’s see what we can do.”
Yoddha, on the other hand, said that we should see more earnings by drawing attention to the rise rate between Halving and today before the rise acceleration. 450 days have passed since the block award half and BTC The previous summit increased only 70 %. This was much more in the last cycle.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
