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Bitcoin Retests $100K Following Mixed US Job Report

Bitcoin (BTC) surged above $100,000 before a flash correction as low sentiments grip traders. This came on the heels of a slowing job report in the United States, setting the tone for cooler Fed policies. Risky assets like Bitcoin marked an hourly rebound, coupled with analysts projecting a stronger recovery. Stocks also traded in the same direction after US trade rifts and tension stalled growth. US Added 144K Jobs In January The Labor Department’s Job Report showed that nonfarm payroll increased by 143,000 last month despite the California wildfires and Donald Trump’s policy concerns. This fell short of figures projected by economics, sparking mixed reactions from various markets. Several analysts predicted last month’s numbers to come in above 170,000. Similarly, the Labor Department noted that the unemployment rate dropped to 4% from 4.1%, marking an eight-month low. “ The unemployment rate edged down to 4.0 percent in January, after accounting for the annual adjustments to the population controls. The number of unemployed people, at 6.8 million , changed little over the month. (See table A-1. See the note at the end of this news release.” This led to a 3% spike in hourly trading data as Bitcoin price broke the $100k resistance. Due to the upcoming Federal Reserve’s policy decision, a weaker job respect directly impacts risky assets. Cooler job data increases the likelihood of policy rate cuts by the Feds because the labor market is not as resilient for tighter measures. Lower interest rates are key for an upward march in Bitcoin and altcoin prices. This is due to increased liquidity and borrowing power as funds pour into these assets, while tighter rates will lead to outflows from the market. Last year, BTC prices spiked after the United States lowered interest rates. Low Sentiments Wipe Out Flash Gains The 3% surge recorded in BTC price was wiped off within hours as trading activity picked up. This week, Bitcoin has struggled to replicate its fine form last year, surging to its all-time high. At the time of writing, the asset’s price stands at $97,604, trading sideways today and a 6% decline in the last seven days. Low sentiments continue as whales’ volume plunged alongside asset transfers to centralized exchanges. Conversely, pro-BTC commentators say a long-term uptick is on the cards on the back of a positive U.S. regulatory landscape. Cryptoknowmics

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TST Token Skyrockets 4700% After Unintentional Leak by BNB Chain Team Member

In an astonishing turn of events, the token $TST , created by a member of the BNB Chain team , saw an explosive surge of 4700% in just 30 minutes. This sent shockwaves through the cryptocurrency community. The token’s meteoric rise has drawn the attention of traders and investors, resulting in an influx of market activity. The sudden spike has garnered significant attention from Binance CEO Changpeng Zhao (CZ), who has weighed in on the situation. And what does CZ think of the recent surge? He described the situation as a “tricky one.” A Surprising Surge: The Unintentional Leak and Its Impact We can attribute the $TST token’s meteoric rise to an unanticipated development. A member of the BNB Chain team launched the token while working on an educational video. That video, initially, was intended to show users how to launch a meme token on the Four.meme platform. In the process of making the video, the team came up with the idea of utilizing a meme token to teach viewers about the token launch process. And so, they created $TST and launched it. Nevertheless, an unanticipated turn of events occurred during the video’s release. At the moment marking 1:18 in the video, the name $TST was revealed by accident, igniting curiosity among traders who pay close attention. The inadvertent unveiling was promptly recognized by a very observant trader, who—going strictly by the wallet address (0xeBB…74711c) with which they are associated—saw an opportunity and moved valiantly into the market to effectuate the purchase of $TST. The trader spent $35,000 on the asset in question, doing so just moments before CZ would make the tweet that sent the price of $TST soaring. This rapid action reaped rich rewards for the trader, whose $35,000 investment leapt up like a jack-in-the-box to a staggering $657,000 profit in probably five minutes or so—given that it was only five minutes before one famous industry leader tweeted about the situation. Not only did that industry leader’s tweet pack a big market-moving punch, but it also surely sent more traders into the marketplace to engage with the good ol’ buy/sell dance. More trading, more price movement, more profit for the trader. The Role of CZ and the Community’s Response The situation with $TST saw a further increase in demand due to a tweet from Binance founder Changpeng Zhao. Although Zhao did not directly endorse the token or its creation, he managed to draw even more attention to it—attracting the eyes of the crypto community to the burgeoning demand for $TST. In his now-famous tweet, he described the situation as “tricky,” recognizing that the rapid price appreciation of the token resulted from events no one caught on to in advance. The sudden increase in trading volume and price caused a rapid surge in market cap over $30 million. In just 30 minutes, the $TST token amassed a staggering $14 million in trading volume, adding to the intrigue of this sudden event. The BNB Chain team member responsible for the leak has remained quiet, but the crypto community has been discussing the event non-stop. The trader who first moved quickly has now become the largest holder of $TST, with a total of 28.82 million tokens under their control. This position undoubtedly makes them the leader in $TST holdings, a position that has earned them some significant attention in both the crypto community and the media. Here are the percentage of total supply holdings of the top 10 largest wallets for four of the largest altcoin market caps in crypto: Shiba Inu $SHIB : 61.3% of Supply Ethereum $ETH : 46.1% of Supply Chainlink $LINK : 33.1% of Supply Toncoin $TON : 32.8% of Supply… pic.twitter.com/RY5uUcbKI8 — Santiment (@santimentfeed) February 7, 2025 The Ongoing Impact on $TST and the Meme Token Landscape The $TST token’s recent and almost vertical rise has become the center of a lot of recent discussions, bringing forth important queries concerning the risk exposure and possibly lucrative returns of a trading system as erratic as that of the cryptocurrency market. Those discussions have, in turn, called forth from the deep recesses of my memory some lessons learned during (and after) the virtual gold rush that was Bitcoin. I’ll recap a few of those lessons here, along with the conversations they have ignited. Currently, talk about the $TST token centers on its being a part of the meme token landscape. Its meteoric rise has rekindled interest in meme tokens and placed them back in the conversation when speaking about tokens and crypto presently. Many traders and investors are looking at $TST hoping to find a next opportunity in an often-turbulent, unpredictable sector. Whether they will find what they are looking for remains to be seen, but as of now, the $TST token is conversation-worthy in the space. While the cryptocurrency world rapidly evolves, the story of $TST reminds us of how fast fortunes can change in the digital asset space. At present, observers can only wait to see whether $TST will keep ramping up after its 4700% increase or will retreat to a lower level after the summertime fun fades. Whatever happens next, the $TST story’s crystal-clear lesson is this: pay attention to the crypto market. In the digital asset world, even the tiniest detail can and does make a huge amount of difference. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: aifarm/ 123RF // Image Effects by Colorcinch Cryptoknowmics