• The article discusses the current economic data in the US, which has seen unemployment rate stay at historic lows while Bitcoin has jumped 1.5%.
• It also examines the shifting distribution trends among bitcoin ‘whale’ holders, as well as a surge in Ruble-based BTC, USDT volume due to the strengthening of the Dollar over RUB.
• Lastly, it considers if the UK is heading towards a sovereign debt crisis and how the Federal Reserve are set to implement 25bps rate hike following strong economic data.

Unemployment Rate Stays at Historic Lows

Data from Zerohedge on U.S. data June nonfarm payrolls 209K, Exp. 230K, Last 339K Unemployment rate 3.6 %, Exp. 3.6%, Last 3.7% Average hourly earnings 0.4%, Exp. 0.3%, Last 0.4% Average weekly hours all workers 34.4, Exp. 3434.3Last 34..3 Bitcoin up 1., $30 300 BTCUSD: (Source: TradingView)

Bitcoin Jumps 1 .5 %

Unexpected rise in Bitcoin amidst stable unemployment rate as U .S . data unfolds . James Van Straten / Jul . 7 , 2023 at 1 : 38 pm UTC Share Tweet Post Share Post Email Quick Take

Shifting Distribution Trends Among Bitcoin ‚Whale‘ Holders

The article also examines the shifting distribution trends among bitcoin ‚whale‘ holders , as more investors look to diversify their portfolios with larger amounts of digital assets . This trend creates an opportunity for smaller investors to participate in this market and benefit from its potential growth .

Surge In Ruble-Based BTC & USDT Volume

As Dollar strengthens over RUB , there is a surge in Ruble – based BTC and USDT volume , allowing traders to take advantage of increasing demand for cryptocurrency across Russia and other countries that use Rubles as their primary currency ..

Is The UK Heading Towards A Sovereign Debt Crisis?

The article also considers if the UK is heading towards a sovereign debt crisis after recent reports indicating that financial institutions may be under pressure due to increased borrowing costs from Brexit negotiations . Furthermore , Federal Reserve are set to implement 25bps rate hike following strong economic data which could have implications for global markets and currencies including Sterling Pound ..