analytics notes that short-term speculation seems to have faded from the market as the number of BTC traders/addresses holding for less than one month has decreased by 32.07% since Dec. 28. It notes that the buying pressure is now coming from medium- and long-term holders who have been accumulating at recent prices.
In the early hours of Friday, markets were calm as investors awaited the release of key U.S. jobs data that could impact the Federal Reserve's aggressive monetary policy stance. Last month, the Federal Reserve hinted that it would raise interest rates for the first time in more than three years.
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