The Us Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on June 3, 15:30 MT time (GMT+3).
Bitcoin crosses $50,000!
Information is not investment advice
Just opened the FBS Trader and saw Bitcoin above $50,000! Not that it was something unexpected but still, it's an important mark and opens further horizons for the cryptocurrency to conquer. Very possibly, $100,000 may be somewhere within those horizons in the observable future - everything is possible now! What's moving it upwards is the increasing institutional investors interest in cryptocurrencies. One of the recent impulses was provided by Elon Musk who announced that Tesla got a very big chunk of its equity converted into Bitcoin - logically, the coin went on for a bullish rally after that. The more corporations and economic structures reveal and manifest their active interest in Bitcoin, the higher it will go. Those who profess $100,000 and more base their predictions mainly on that.
The most impactful releases of this week will fill the market with volatility and sharp movements.
Happy Tuesday, dear traders! Here’s what we follow:
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.