🚀 US Unemployment Claims See Slight Increase Amid Labor Market Slowdown
#US #UnemploymentClaims #LaborMarket #JobLoss #ContinuingClaims #LaborDay #Economy
According to BlockBeats, the number of initial unemployment claims in the United States saw a slight increase last week, indicating that layoffs remain low despite a slowdown in the labor market. The U.S. Department of Labor reported on Thursday that for the week ending September 7, initial claims for unemployment benefits rose by 2,000 to a total of 230,000. However, it is important to note that the data collection period included the Labor Day holiday, which often causes fluctuations in the number of claims filed before and after public holidays.
In addition, the number of continuing claims for unemployment benefits for the week ending August 31 increased by 5,000 to 1.85 million. This slight rise follows a trend where continuing claims had surged to levels not seen since the end of 2021 in July but mostly declined throughout August. This decline in continuing claims aligns with the decrease in the unemployment rate observed last month.#US #UnemploymentClaims #LaborMarket #JobLoss #ContinuingClaims #LaborDay #Economy
🚀 U.S. Treasury Secretary Expects Trade Agreements Before Labor Day
#USTreasury #TradeAgreements #LaborDay #SALT #TaxBill #EconomicPolicy #BilateralTrade
According to Odaily, U.S. Treasury Secretary Besent expressed optimism about finalizing a trade agreement before Labor Day. He mentioned that they are very close to reaching an agreement on the state and local tax (SALT) issues within the tax bill. Besent anticipates the completion of 10 trade agreements, with a total of 10 to 12 agreements expected. Following this, there are 20 significant agreements still to be addressed. Labor Day, a national holiday in the United States, is observed on the first Monday of September to honor workers.#USTreasury #TradeAgreements #LaborDay #SALT #TaxBill #EconomicPolicy #BilateralTrade
🚀 U.S. Treasury Secretary Announces Strong Candidates for Federal Reserve Chair
#USTreasury #FederalReserveChair #11StrongCandidates #LaborDay #September1 #Besent #Trump #DonaldTrump #Interviews #Candidates #USPresident
According to BlockBeats, U.S. Treasury Secretary Besent has announced that there are 11 strong candidates for the position of Federal Reserve Chair. Interviews are set to begin after Labor Day, which falls on September 1 this year. The final list of candidates will be submitted to U.S. President Donald Trump.#USTreasury #FederalReserveChair #11StrongCandidates #LaborDay #September1 #Besent #Trump #DonaldTrump #Interviews #Candidates #USPresident
🚀 U.S. Labor Day Affects Trading Schedules for Stocks and Commodities
#LaborDay #MarketClosed #TradingSchedules #Stocks #Commodities #CME #PreciousMetals #USOil #BrentCrude #Futures #UTC8 #September1 #September2 #BlockBeats
According to BlockBeats, the U.S. stock market will be closed on September 1 due to the Labor Day holiday. Trading for CME's precious metals and U.S. oil contracts will conclude early at 02:30 UTC+8 on September 2. Additionally, stock index futures trading will end at 01:00 UTC+8, and ICE's Brent crude oil futures contracts will close at 01:30 UTC+8.#LaborDay #MarketClosed #TradingSchedules #Stocks #Commodities #CME #PreciousMetals #USOil #BrentCrude #Futures #UTC8 #September1 #September2 #BlockBeats
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🚀 Bitcoin News: Bitcoin vs. Gold: 5 Things to Know as BTC Starts “Red” September Near $107K
#Bitcoin #BTC #Gold #ETF #FOMC #PCE #PeterSchiff #September #Halving #LaborDay #Outflows
Key Points:Bitcoin opens September with new lows at $107,270, while traders eye $100K as the next major support.Gold breaks out toward all-time highs at $3,489, prompting warnings from gold bug Peter Schiff that BTC looks “very bearish.”ETF flows show stress, with $750M in outflows in August — the second-worst month on record.Macro focus shifts to U.S. labor data and Fed rate cut expectations, with markets pricing a 90% chance of a September cut.September has historically been Bitcoin’s weakest month, with average returns of –3.5%.1. Bitcoin tests $107K as volatility spikesBTC/USD fell to $107,270 after the weekly open before rebounding toward $110,000. Traders are split between a possible retest of $100K–94K and a short squeeze toward $112K–117K to target liquidity.2. Tariff uncertainty and U.S. jobs data dominateWith U.S. markets closed for Labor Day, focus turns to employment data later this week, the Fed’s final labor read before the Sept. 17 FOMC meeting. Futures markets still price in a 90% chance of a 0.25% rate cut, but stronger payrolls could challenge that outlook.3. Gold breaks out, Schiff turns bearish on BitcoinGold surged to $3,489 per ounce, within inches of April’s record high, helped by the PCE inflation print and September’s historically strong seasonality.Peter Schiff argued gold’s strength is “very bearish for Bitcoin,” warning BTC is “poised to go much lower.”4. Institutional demand weakens, ETF outflows mountU.S. spot Bitcoin ETFs saw $126.7M outflows on Friday, capping a difficult August with $750M in net redemptions. According to Capriole Investments, institutional buying has plunged to its lowest since April, though demand still equals 200% of daily miner supply.5. September seasonality pressures BTCHistorically, September has been Bitcoin’s worst-performing month, with average returns of –3.5%. August already closed red (-6.5%), marking BTC’s first post-halving August decline. Analysts warn this may signal a shift away from the traditional four-year halving cycle, driven by institutional flows.#Bitcoin #BTC #Gold #ETF #FOMC #PCE #PeterSchiff #September #Halving #LaborDay #Outflows
🚀 Bitcoin News: Bitcoin Price Risks $105K Labor Day Crash as Whale Selling Pressure Mounts
#Bitcoin #BTC #Whale #Whales #DormantWhales #LaborDay #ETF #Onchain #CVD #Liquidation #Futures #Spot #Dow #Nasdaq #SP500 #HyblockCapital #ETH
Key Takeaways:Bitcoin trades under $108K as sellers dominate futures and spot markets despite dip-buying.Dormant whale wallets unloading BTC add downside risk, with liquidation heat maps showing $104K as a key target.Closed U.S. markets on Labor Day and weak ETF inflows leave BTC vulnerable to a sharper correction.Bitcoin under pressure as sellers overpower dip buyersBitcoin (BTC $107,799) is struggling to hold above $108,000, with traders bracing for a potential drop toward $105,000 as selling pressure intensifies.The U.S. Labor Day market holiday has thinned liquidity, amplifying volatility risks. Meanwhile, onchain data shows that long-dormant whale wallets have reemerged, unloading large tranches of BTC and converting proceeds into Ether (ETH $4,268).The selling pressure is reinforced by weaker inflows into U.S. spot Bitcoin ETFs and end-of-week declines in traditional markets, including the Dow, S&P 500, and Nasdaq, which weighed on investor sentiment.Whale selling meets technical weaknessData from Binance and Coinbase shows that perpetual futures selling continues to outpace spot buying, with the cumulative volume delta (CVD) highlighting aggressive selling from large trader cohorts.Retail buyers (holding between 100 and 10K BTC) are consistently buying dips, but heat maps suggest sellers still dominate the market structure.Liquidation data highlights $104,000 as the next major liquidity cluster, while bids are also visible at $105,000, $102,600, and $100,000 on exchange order books.Macro uncertainty weighs on sentimentBeyond whale activity, markets are reacting to U.S. President Donald Trump’s rhetoric on tariffs and efforts to influence the Federal Reserve, adding to volatility.While many traders expect the Fed to begin interest rate cuts in late September or October, short-term sentiment remains bearish.“Orderbook liquidity combined with BTC price weakness favors downside,” analysts at Hyblock Capital noted, adding that sellers continue to “overpower dip buyers” across spot and futures markets.#Bitcoin #BTC #Whale #Whales #DormantWhales #LaborDay #ETF #Onchain #CVD #Liquidation #Futures #Spot #Dow #Nasdaq #SP500 #HyblockCapital #ETH
🚀 U.S. Economic Data Release Delayed Due to Labor Day Holiday
#LaborDay #USEconomy #API #EIA #CrudeOilInventory #ADP #Nonfarm
According to Foresight News, the release of certain U.S. economic data has been postponed due to the Labor Day holiday on September 1. The American Petroleum Institute (API) and Energy Information Administration (EIA) crude oil inventory reports will be delayed, with the API data now scheduled for release on September 4 at 04:30 UTC+8 and the EIA data on September 5 at 00:00 UTC+8. Additionally, the ADP employment figures for August, often referred to as the 'small non-farm' data, will be announced on September 4 at 20:15 UTC+8. However, the non-farm employment data for August will still be released as planned on September 5 at 20:30 UTC+8.#LaborDay #USEconomy #API #EIA #CrudeOilInventory #ADP #Nonfarm
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