Bitcoin, Ethereum Technical Analysis: Crypto Markets Down Ahead of Friday's Nonfarm Payrolls Report

Bitcoin was trading lower on Thursday, ahead of tomorrow's monthly nonfarm payrolls (NFP) report. The U.S. labor market has recently shown signs of slowing, following data this week reporting that nationwide job openings had fallen. Ethereum also dropped on the prospect of the NFP report, which is expected to come in at 250,000 jobs.

Timeline of Bitcoin, Ethereum

Andrew Tate, the viral sensation, has claimed that fiat money is trash before adding that “crypto is amazing for a bunch of things” including as a hedge against inflation. The post Andrew Tate Endorses Bitcoin, Saying Money Is ‘Trash' appeared first on BeInCrypto.

The broader crypto market is performing much better than it was in the last few months. Yet, a closely followed crypto strategist and analyst have a bearish approach towards the whole crypto market.

Charles Edwards, the founder of the Capriole Fund, revealed that Bitcoin will decouple from stocks and will likely outperform them. However, arcane research recently reported that Bitcoin is still firmly following the stock market.

On Thursday (April 4), popular New Zealand based crypto analyst and influencer Lark Davis explained why Ethereum's “Merge” hard fork (which is when the Ethereum network is making the transition from proof-of-work to proof-of-stake) could be more important than some people realize.

The proposal wants the Frax DAO to agree to make its frax stablecoin redeemable purely on the Ethereum 2.0 chain post-merge. The post Frax Finance proposes rejection of any Ethereum proof of work fork appeared first on The Block.

The world's first cryptocurrency, Bitcoin had kicked off August month on a bullish note as the currency had reclaimed its $23,000 price level. However, today, the currency has once again lost its $23k price area and is hovering around the $22,000 mark. At the time of writing, Bitcoin is pulled down by 0.

The pseudonymous crypto analyst Altcoin Sherpa remains largely bearish about the market despite the general price uptick last week. The trader tells his 180,700 Twitter followers that $22,000 is a “must hold” level for Bitcoin (BTC).

Bloomberg Intelligence's latest crypto outlook report said Bitcoin (BTC) might begin to perform more like the United States Treasury bonds rather than stock equities as it slowly recovers from the recent market crash. The post Bitcoin to perform more like US Treasury bonds as it recovers from crash – Bloomberg Intelligence says appeared first on CryptoSlate.

Paying attention to the macro environment won't hurt BTC investors, because it is now beyond dispute that the macro environment has a significant impact on the price of Bitcoin. Early in the year, the stock market correlation reached a new high; the cryptocurrency market has not yet begun to separate from it.

XRP price against the USD or USDT is trading within the same pre-defined price range between $0.33 and $0.39 for more than a fortnight. The raised volatility had induced significant upward momentum, but the recent price slash nullified the bullish impact and kept the price restricted below $0.4.