AiCoin Daily Report (January 10)

  1. U.S. December Non-Farm Payrolls Increase by 50,000, Below Expectations; Unemployment Rate Falls, Traders Bet on the Federal Reserve Pausing Rate Cuts

The U.S. released December non-farm data, showing an increase of 50,000 jobs, below the expected 60,000; the unemployment rate was recorded at 4.4%, lower than the expected 4.5%. -Original

  1. Trump Will Use Alternative Tariff Powers to Respond to Ruling

President Trump stated that if the Supreme Court rules against him, he will use alternative tariff powers as a countermeasure. -Original

  1. Ripple Approved and Registered by UK FCA

Ripple has obtained registration with the UK Financial Conduct Authority (FCA) through its UK subsidiary, marking significant regulatory progress in integrating cryptocurrencies into the financial framework in the UK. -Original

  1. Spot Gold Breaks Through $4,500 per Ounce

The spot gold price has once again broken through $4,500 per ounce, with an intraday increase of 0.51%. -Original

  1. BlackRock Transfers 2,405 BTC and 24,760 ETH to Coinbase

According to Arkham monitoring, BlackRock transferred approximately 2,405 BTC ($217 million) and 24,760 ETH ($76.6 million) to Coinbase Prime. -Original

  1. Fidelity Director Questions End of Bitcoin’s Four-Year Cycle

On January 10, Fidelity Global Macro Director Jurrien Timmer stated that Bitcoin’s current trend is more akin to the S-curve of the internet rather than a power law curve. He is skeptical of the claims that the four-year cycle of Bitcoin has ended and that bear markets no longer occur. He also believes that Bitcoin’s bottom line is $65,000 (its previous high), while the power law trendline indicates a bottom of $45,000. Timmer pointed out that if Bitcoin enters a consolidation phase in the next year, the power law trendline could approach $65,000 and become a key price level. -Original

The above are the hot picks from the past 24 hours. For faster news, please download AiCoin()

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