FTX Payouts, U.S. Tariffs, Jobs: Crypto Week Ahead

FTX Payouts, U.S. Tariffs, Jobs: Crypto Week Ahead

Market activity is likely to be overshadowed by Friday's monthly U.S. employment figures, with nonfarm payrolls forecast set to increase by 39,000. The figure, seen as a barometer of the health of the world's largest economy, is one of the most closely watched economic statistics. In the meantime, long-suffering creditors of bankrupt crypto exchange FTX, which failed in 2021, start receiving a total of $1.6 billion as the estate begins its third…

Crypto Faces Volatile Week With Fed Remarks, FTX Distribution, and Labor Data

The crypto market has recorded bearish sentiment in the past few weeks amid low whale‘ demand. The wider crypto market will experience higher volatility this week amid several high-impact news. The onset of the fourth quarter this week is expected to increase the crypto bullish outlook based on historical data. The crypto market enters the final week of September under pressure, with bearish sentiment and low whale demand weighing on prices. Tra…