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However, the CoinDesk 20 Index is catching a slight bid, up 0.5% at the time of writing, as altcoins show a slight bounce:
Still, such gains are almost negligible within the context of a solid downtrend for this CoinDesk 20 index.
Yesterday, we highlighted that markets will be on the "lookout as to when the US government may resume its economic data releases".
Right on cue ..
The Bureau of Labor Statistics (BLS) announced that the delayed September jobs report is set to be released this coming Thursday at 8:30AM Washington time.
Hence, this Thursday's Bybit Learn's "Daily Market Update" livestream - on YouTube and X - will be moved an hour earlier, starting instead at 1:00 PM GMT on Nov 20.
Don't miss out - get all the info you need leading up to this highly anticipated data release and live reaction across Bitcoin, Gold, US stock indices, and more.
At the time of writing, XO is up over 20% on the day (Tuesday, Nov 18).
Yesterday, (Monday, Nov 17), XO more than doubled, rising as much as 129% before being resisted around its 100-day SMA to pare its surge.
The ascent may have been fuelled by XOCIETY's:
This comes after news that the pharma giant agreed to buy Halda Therapeutics, a cancer treatment biotech, for US$3.05 billion in cash.
NOTE: Rising USDJPY = stronger US Dollar vs. weaker Japanese Yen.
JPY is weakening at the thought that Japan's new Prime Minister Sanae Takaichi's plans to support the economy may delay the Bank of Japan's intended rate hikes.
This comes as markets reduce their bets for a Fed rate cut in December down to 44%, from a near-certainty just a month ago.