Bitcoin Soars: US Jobs Data Fuels Bullish Momentum
🚀⚡️💰 Bitcoin surges! The US jobs report boosts crypto’s value. See how the market is reacting. #Bitcoin #CryptoNews #JobMarket
🚀⚡️💰 Bitcoin surges! The US jobs report boosts crypto’s value. See how the market is reacting. #Bitcoin #CryptoNews #JobMarket
Recent on-chain data suggests a significant correction in the Bitcoin market, with key indicators like MVRV ratio, SOPR, and the Sell-Side Risk Ratio returning to more stable levels. A Glassnode report highlights this reset, indicating a reduction in speculative activity and a broader market adjustment. This suggests the removal of excessive speculation and a move towards equilibrium.
Japanese Bitcoin investment firm Metaplanet is expanding its global presence by entering the US market. They’ve launched Metaplanet Treasury Corp., a Florida-based subsidiary, aiming to deepen their involvement in the Bitcoin ecosystem. This move is a strategic step to further their growth and signals their commitment to the cryptocurrency market, potentially attracting a significant investment boost.
Worldcoin has launched its identity verification platform in the US, allowing users to obtain a World ID through dedicated centers in six cities. The blockchain-based project aims to confirm users’ humanity. The platform’s expansion includes partnerships with Visa and Tinder, suggesting potential integration with financial services and social platforms. The project seeks to broaden the adoption of digital identity solutions within various sectors.
Robinhood’s Q1 results show a significant comeback for retail crypto trading. Crypto-related revenue doubled year-over-year, reaching $252 million and contributing significantly to a 77% rise in overall transaction revenue. This surge highlights the increasing importance of individual investors and renewed engagement in the cryptocurrency market, driving Robinhood’s strongest quarter.
Investor allocations to cryptocurrency have climbed to a yearly high of 1.8% as of April 29th, driven by recent price gains and improved market sentiment, according to a CoinShares report. The report, based on survey data and financial filings, highlights Bitcoin’s leading role in this increased accumulation. The positive trend suggests growing confidence in the digital asset market.
The cryptocurrency market saw a massive increase in failed tokens during the first quarter of 2025. A CoinGecko report revealed that almost 2 million digital assets were abandoned or collapsed within the first three months of the year, representing nearly half of all token failures recorded. This surge highlights the volatility and risk associated with the crypto market.
The TON Foundation, in collaboration with Libre, has launched a $500 million tokenized bond fund linked to Telegram. The Telegram Bond Fund (TBF) offers blockchain-based access to institutional-grade yield opportunities, representing TON’s entry into the real-world assets (RWA) space. The fund aims to provide investors with exposure to traditional financial markets through tokenized bonds.
The upcoming release of the US Q1 GDP data, expected at a weak 0.3% growth, contrasts with significant investment in Bitcoin. The article suggests that Bitcoin may outperform the stalling US economic growth. The analysis points to a potentially sluggish economic performance for the first quarter of 2024, with the market closely watching the impact on Bitcoin’s performance, particularly its realized cap, which is at an all-time high.
BlackRock, the world’s largest asset manager, plans to integrate blockchain technology into its operations. It filed with the SEC to introduce “DLT Shares” linked to its $150 billion money market fund. This move signifies the continued convergence of traditional finance and blockchain, potentially offering new efficiencies and access to investors.