February 6 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
According to the US Department of Labor, non-farm payrolls jumped by 517,000 in January, while economists had been expecting a rise of 170,000. Bitcoin is down 1.93% over the last 24 hours and fell to an intraday low of $22,743.00. The largest cryptocurrency fell below the $23,000 price level due to unexpected non-farm payroll data. The most recent non-farm payroll data shows that the US job remains hot and inflation might rise again. In the short term, if the BTC/USDT pair holds above the current $22,800 level, the price could surge to $25,000. However, if the price drops below $22,800, the BTC/USDT pair could find support around the 20-day exponential moving average ($22,470).
Today’s Cryptocurrency Headline
WisdomTree's Cryptocurrency Holdings Drop to $136 Million
New York-based asset manager WisdomTree reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $357 million a year earlier. The company saw a net loss of $28.3 million during the period, compared with a profit of $11.2 million a year earlier. Meanwhile, operating income fell to $73.3 million from $79.2 million in the previous fourth quarter. In addition, WisdomTree’s net inflows in the fourth quarter of last year were $5.3 billion, mainly into fixed income, US stocks and commodities products, while net inflows from cryptocurrencies totalled $4 million.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
According to the US Department of Labor, non-farm payrolls jumped by 517,000 in January, while economists had been expecting a rise of 170,000. Bitcoin is down 1.93% over the last 24 hours and fell to an intraday low of $22,743.00. The largest cryptocurrency fell below the $23,000 price level due to unexpected non-farm payroll data. The most recent non-farm payroll data shows that the US job remains hot and inflation might rise again. In the short term, if the BTC/USDT pair holds above the current $22,800 level, the price could surge to $25,000. However, if the price drops below $22,800, the BTC/USDT pair could find support around the 20-day exponential moving average ($22,470).
Today’s Cryptocurrency Headline
WisdomTree's Cryptocurrency Holdings Drop to $136 Million
New York-based asset manager WisdomTree reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $357 million a year earlier. The company saw a net loss of $28.3 million during the period, compared with a profit of $11.2 million a year earlier. Meanwhile, operating income fell to $73.3 million from $79.2 million in the previous fourth quarter. In addition, WisdomTree’s net inflows in the fourth quarter of last year were $5.3 billion, mainly into fixed income, US stocks and commodities products, while net inflows from cryptocurrencies totalled $4 million.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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