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Daily Altcoin Price Analysis: $BTC Loses $20,000 in US Unemployment Rate, 10% Gains

More rate hike signals ahead? BTC immediately lose 20,000 after the release of U.S. unemployment numbers, indicating possible tightened monetary policy from the Fed.

In @COIN360com Daily Digest:

2/ BTC fell down to record a 3.3% drop in the past 24h as the broader crypto market came to the red zone.

To react to the unemployment rate of 3.5%, BTC plunged right away by 2%, lost its 20,000 level and has continued to the south since then, now sitting at 19,400.

3/ ETH stepped back to where it was at 3 PM on Oct 5, posting a 2.9% drop in the past 24h. BNB remained the hardest hit among top 10 with a 4.2% decline.

Top gainers: FEI GMT XDC Top losers: TWT MV RSR

More details in our heatmap:

Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360Cryptocurrency Prices Heatmap, Market Cap, Charts & Widget – COIN360

4/ @bnbchain had to halt its chain as over 560M in BNB was drained from the network's official bridge, seeing the hacker transfer more than 100M to other chains.

Here's what BNBChain will do after freezing funds held in the hacker's wallet:

BNB Chain governance to decide what will happen to hacked fundsBNB Chain governance to decide what will happen to hacked funds

5/ @FTX_Official will roll out a debit card in partnership with payments giant @Visa The announcement caused FTT to rise by 7%.

FTX Targets Latin America With Visa Debit Card—With Europe and Asia Next - DecryptFTX Targets Latin America With Visa Debit Card—With Europe and Asia Next - Decrypt

6/ As per a report by @SolanaFndn, the @Solana downtime on Sept 30 was caused by a bug in the blockchain's code, and triggered by a malfunctioning node.

09-30-22 Solana Mainnet Beta Outage Report09-30-22 Solana Mainnet Beta Outage Report

7/ @0xPolygon announced its partnership with @oceef_ to promote ocean literacy through new creative, entertaining and engaging ways.

Polygon partners with ocean conservation NGO to advance ocean literacyPolygon partners with ocean conservation NGO to advance ocean literacy

8/ @celsiusnetwork is facing heat for revealing the names and recent financial actions of its users in freely available public court documents.

Court filing 'doxing' Celsius users draws questions on KYC, bankruptcy processesCourt filing 'doxing' Celsius users draws questions on KYC, bankruptcy processes

9/ @lidofinance has launched on @arbitrum & @optimismfdn to further improve accessibility to @Ethereum staking while reducing gas fees. As part of the launch, users can bridge wstETH to these L2 networks.

Largest Ethereum Staking Service, Lido, Launches on L2 Arbitrum and Optimism - Ethereum World NewsLargest Ethereum Staking Service, Lido, Launches on L2 Arbitrum and Optimism - Ethereum World News

10/ @zcash has been under attack since mid-June with spam txs. However, according to @lopp the blockchain has tripled in size to over 100GB in a matter of months.

Zcash May Be Getting Spammed but the Blockchain Is Doing Just Fine, the Company Behind It SaysZcash May Be Getting Spammed but the Blockchain Is Doing Just Fine, the Company Behind It Says

11/ @NorthIslandVC is “investing pretty heavily” in the @Cosmos infrastructure service platform after closing its 125M second fund.

North Island backing Cosmos after closing second 125 million fundNorth Island backing Cosmos after closing second 125 million fund

12/ @MarathonDH has revealed 81.3M worth of exposure to recently bankrupted mining hosting provider @computenorthllc

Marathon Reveals 80M in Total Exposure to Bankrupt Data FirmMarathon Reveals 80M in Total Exposure to Bankrupt Data Firm

13/ Tech investment giant Tiger Global Management is raising as much as 6B for a new fund.

Tiger Global has invested in more than three dozen crypto and blockchain startups since 2020.

Tiger Global seeks 6 billion raise to invest in tech companies: AxiosTiger Global seeks 6 billion raise to invest in tech companies: Axios

14/ Other news:

Malaysia to get its own national public blockchain:

India’s central bank shares concept note on CBDC; will begin pilot soon:

Malaysia to get its own national public blockchainMalaysia to get its own national public blockchain
India’s central bank shares concept note on CBDC; will begin pilot soonIndia’s central bank shares concept note on CBDC; will begin pilot soon

15/ Bitcoin’s correlation with gold hit highest level in over a year:

Mt. Gox trustee sets registration deadline of Jan. 10 for repayment selection:

Bitcoin’s Correlation With Gold Hits Highest Level in Over a YearBitcoin’s Correlation With Gold Hits Highest Level in Over a Year
Mt. Gox trustee sets registration deadline of Jan. 10 for repayment selectionMt. Gox trustee sets registration deadline of Jan. 10 for repayment selection

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17/ That's a wrap!

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