🌥 A timid sun will shine over Bitcoin and Ripple’s XRP in the next 24 hours, signaling slightly bullish market conditions, while drizzle 🌧️ will linger over Ether, Litecoin and Cardano in the next 24 hours, indicating slightly bearish market conditions. Rain will fall over Binance Coin, translating into a bearish trend.

🌥 Over a one-week time horizon, the timid sun will continue to shine over Bitcoin and XRP, and extend to Ether and Solana.

The trading signals available at 7:25 CET are the basis for the projections mentioned above. Please check whether ATTMO's signals have changed since then, before making an investment decision.

Cryptocurrencies rebound following positive US job data

The crypto market reversed into positive territory as of Friday, supported by stronger-than-expected job creation data released in the US. These robust employment figures, combined with the prospect of additional rate cuts by the Federal Reserve, boosted demand for risk assets such as crypto. The benchmark Dow Jones Industrial Index closed at an all-time high on Friday.

The price of Bitcoin gained 2.7 percent to $63,527 over the past 24 hours, after having traded below $61,000 on Friday, Trading View’s Bitcoin chart shows.

BlackRock judges Bitcoin as a global monetary alternative

Bitcoin should be viewed as a global monetary alternative, according to slide presented by BlackRock and seen by Bitcoin News.

“Global, decentralized, and non-sovereign asset that could serve as a hedge against increasing global disorder a declining trust in governments, banks and fiat currencies… and risk off,” the world’s largest asset manager said during a presentation. However, Ether is a bet on blockchain adoption and “risk on.”

The price of ETH strengthened 2.9 percent to $2,488 over the past 24 hours.

Binance rejects 86% of Israeli requests to freeze Palestinian crypto wallets

Binance, the world largest crypto exchange, rejects 86 percent of the requests filed by the Israeli military as for the freezing of the wallets of Palestinian clients, the exchange’s head of financial crime told Decrypt.

The price of Binance Coin put on 2.1 percent to $573 over the past 24 hours.

Coinbase to delist USDT & other stablecoins in the EEA to be MiCA-compliant

Coinbase will be forced to delist stablecoins, including USDT, in the European Economic Area (EEA) by the end of the year to comply with the Markets in Crypto Assets (MiCA) regulation, Reuters reports. USDT dominates the stablecoin market with a market cap of roughly $120 billion.

“This could be a turning point for the entire stablecoin market, as other exchanges may follow suit unless Tether meets regulatory standards. This shift could also open the door for more compliant stablecoins to take the stage, especially with potential U.S. stablecoin regulations on the horizon,” the CEO of Syndicately Jake Claver, said.

The second-largest stablecoin, Circle’s USDC, meets the MiCA requirements and will continue to be listed by Coinbase.

UAE to scrap VAT on crypto transfers

The United Arab Emirates (UAE) will eliminate the value-added tax (VAT) on all crypto transfers, in a bid to become the region's leading crypto hub, according to Cointelegraph.

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DISCLAIMER

ATTMO, a weather-inspired AI tool, makes cryptocurrency predictions. It also forecasts longer-term cryptocurrency trends. These forecasts are not trading advice; they are only decision support tools. They do not include information that is specific to the user; in particular they do not account for their personal risk appetite or market assessment. The forward-looking weather-inspired predictions part of this report may have changed by the time you read this edition of ATTMO Times. So always check the latest ATTMO predictions before making any investment decision.