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Did Bitcoin ‘Uptober’ just start? Analysts say watch these key signals next
Bitcoin whipsawed through September, but managed to close the month 5% higher at $114,000 on Tuesday. Several key indicators now suggest that the recent recovery from $108,000 could signal a “big move” ahead, according to analysts. The Stablecoin Supply Ratio (SSR), which measures the buying power of stablecoins relative to Bitcoin, has declined, with its relative strength index (RSI) reaching its lowest in four months. The Bitcoin “SSR RSI is at 21, and is ‘buy’ territory,” said onchain data provider CryptoQuant in part to an X thread on Tuesday. The last time the RSI was around this level coincided with ... (full story)
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Private sector employment shed 32,000 jobs in September and pay was up 4.5 percent year-over-year according to the September ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP's Pay Insights captures nearly 14.8 million individual pay change observations each month. Together, the jobs report and pay insights use ADP's fine-grained data to provide a representative and high-frequency picture of the private-sector labor market. *(US) SEPT ADP EMPLOYMENT CHANGE: -32K V +51KE; Includes preliminary rebenchmarking of the National Employment Report; Notes U.S. employers have been cautious with hiring - Prior revised lower from +54K to -3K (More at )
Private payrolls declined in September by 32,000 in key ADP report coming amid shutdown data blackout Private payrolls saw their biggest decline in two-and-a-half years during September, a further sign of labor market weakening that compounds the data blackout accompanying the U.S. government shutdown. Companies shed a seasonally adjusted 32,000 jobs during the month, the biggest slide since March 2023, payrolls processing firm ADP reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase of 45,000. In addition to the drop in September, the August payrolls number was revised to a loss of 3,000 from an initially reported increase of 54,000. The report comes as the funding impasse in Washington, D.C. has led to the first government closure since late 2018 int
From dailyforex.com | Oct 1, 2025
Bitcoin price has bounced back this week as demand from American investors has rebounded. The BTC/USD pair has jumped in the last three days and is hovering at its highest point since September 22. Bitcoin has rebounded as investors moved to buy spot Bitcoin ETFs. Data compiled by SoSoValue shows that these funds have accumulated almost $1 billion in assets ...
From kitco.com | Oct 1, 2025
Bitcoin has decisively broken above the overhead resistance of its current bull flag pattern, marking a significant bullish milestone. The next major hurdle is the $117,900 level, established on September 18th. Should Bitcoin respect this price-based resistance, we anticipate a minor pullback to the recently breached zone, setting up a classic "bump and ...