Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Ahead of the earnings season to kick-start later in the month, some of the economic data holds the key to the overall market sentiments. The job market is among them and plays a vital factor in driving the markets up or down.
The following are key data:
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Wednesday
- ADP nonfarm employment data for September. Market expects an addition of 169,000 on top of 177,000 recorded in the previous month.
Thursday
- Weekly initial jobless claims. Analysts see 256,000 additions compared to 254,000 reported for the preceding week.
Friday
- Nonfarm roll is predicted to add 172,000 in September on top of 151,000 additions in the August.
- Private non-farm payrolls are expected to make 170,000 additions in September compared to 126,000 added in previous month.
- Unemployment rate is expected to remain flat at 4.9 percent on a month-over-month basis.
- Hourly earnings are predicted to grow 0.2 percent in September from 0.1 percent in August.
- Average workweek is expected to advance to 34.4 from 34.3.
At time of writing, SPDR S&P 500 ETF Trust (NYSE: SPY) traded at $215.53, down 0.36 percent.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.