Bitcoin and others back in the green, and Oracle share price soars 30%
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🟠 Bitcoin climbs 2% as Metaplanet and Trump Media boost BTC treasuries.
📈 Ethereum up 3%, Avalanche (AVAX) jumps 5% today, +25% over 30 days.
💻 Oracle soars 30%+ on $300B OpenAI computing deal.
👀 US jobs data in focus ahead of the Fed's rate decision next week.
Bitcoin’s price gain of more than 2% overnight comes as Japanese firm Metaplanet bought another 463 Bitcoin yesterday as part of its treasury plans. Trump Media Technology Group also filed plans for a $2.3B Bitcoin treasury reserve.
The original cryptocurrency has lifted the rest of the market, with the overall crypto market cap up 2.1% over 24 hours. Ethereum is up about 3%, with more pronounced daily green candles in certain markets. Avalanche (AVAX), for one, is in the positive by more than 5%, adding to its substantial gains of 16% this week and 25% over 30 days.
Stock markets are also up, with the S&P 500 and Nasdaq 100 moving into the green after a mammoth 30%+ price surge in Oracle (ORCL) following news of a future $300 billion deal with OpenAI to purchase computing power.
In macro matters, today’s jobs numbers will be among the most watched economic data releases this month due to their relevance for the Fed’s interest rate decision next week.
In the markets…
🌍 Total crypto market cap ↗️
The global crypto market cap is approximately $3.97 trillion, up 2.1% over the past 24 hours.
🟠 Bitcoin (BTC) ↗️
Price: $114,422 up 2.24% in the last 24 h.
Daily high: $114,451
Daily low: $111,802
📈 S&P 500 ↗️
SPY is currently up about 0.3% since yesterday’s close.
📈 Nasdaq 100 ↗️
The Nasdaq 100 is up about 0.04% overnight.
😐 Fear & Greed Index
The Crypto Fear & Greed Index stands at 47/100, in Neutral.
Data is correct as at 11 September, 06:54 GMT.
Cautionary Notes
It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.
