Bitcoin, Ethereum, Dogecoin Stay Muted As Investors Brace For September Jobs Report — Analyst Says Unemployment Week Drop Standard For King Crypto: 'Dips Are For Buying!'
Portfolio Pulse from Aniket Verma
Leading cryptocurrencies like Bitcoin, Ethereum, and Dogecoin remained stable as investors awaited the September jobs report. Bitcoin's price hovered around $60,000, with analysts highlighting key levels for potential dips or rebounds. The market sentiment is cautious due to geopolitical tensions and upcoming economic data.
October 04, 2024 | 2:49 am
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NEUTRAL IMPACT
Bitcoin's price remained stable around $60,000 as investors await the September jobs report. Analysts highlight $60,365 as a key level, with potential dips to $57,420 or rebounds to $63,300.
Bitcoin's price stability is influenced by upcoming economic data. Analysts have identified key price levels that could lead to significant movements, but current sentiment remains cautious.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dogecoin saw a slight increase of 0.30%, trading at $0.1065. The market remains cautious due to geopolitical tensions and upcoming economic data.
Dogecoin's slight increase is overshadowed by broader market caution due to geopolitical and economic factors, limiting significant short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Ethereum's price remained in the $2,300 range, failing to break above $2,400. Market sentiment is cautious due to geopolitical tensions and upcoming economic data.
Ethereum's price is stable but unable to break key resistance levels. The market is cautious due to external factors, impacting short-term price movements.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70