Best Crypto to Buy Now October 4 – Popcat, Beam, BitTensor
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Major cryptocurrencies are staging a tentative comeback on Friday in the wake of strong US economic data that has eased US recession fears. Investors are looking for the best crypto to buy now to benefit from a potential rally into the month’s end.
Bitcoin (BTC) was last up over 2% in 24 hours to $62,000, according to CoinMarketCap.
Other major altcoins, such as Ethereum (ETH), BNB (BNB), and Solana (SOL), were up 1.5-3% over the same time period.
The latest strong US jobs report has boosted the likelihood that the US economy enjoys goldilocks conditions for the foreseeable future, where inflation and interest rates fall while the economy continues to grow.
#FedWatch: Traders temper rate cut expectations following jobs.
The market-implied probability of a 25bp cut in November jumped to 91% following NFP. The Fed Funds futures curve is pricing ~150bps of cuts over the next year, down from 200bps a week ago. pic.twitter.com/iQJrols0oW
Of course, that is a great macro backdrop for risk assets, hence the rise in crypto prices.
That said, most major coins remain substantially lower weekly as geopolitical risks hang over the market.
Israel is assumed to be readying a military response to Iran’s missile attack earlier this week.
Israel has many options and possible targets to strike in Iran. The end result and strategic objectives will decide what, when and how Israel will engage the Iranian regime. Watch this @CNN exclusive for more. https://t.co/fHNYpI19SD pic.twitter.com/2kpxR41u4r
An all-out war between the two countries could
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