Bitcoin (BTC/USD) is currently trading at $69,088, showing a slight decline of 0.33%, indicating a bearish Bitcoin price prediction.
Meanwhile, the cryptocurrency industry is experiencing a hiring boom, with more than 1,200 job openings at major exchanges including Binance, Coinbase and OKX. The hiring spree highlights an optimistic outlook for the industry despite Bitcoin’s recent price volatility.
Cryptocurrency exchanges are hiring: over 1,200 jobs available
The largest cryptocurrency exchanges, led by Binance, Coinbase and OKX, have over 1,200 job openings.The hiring surge reflects an optimistic outlook for the industry, with bitcoin surpassing its March high, the launch of a spot Ethereum ETF and rising venture capital investment this year.
Sam Welage, founder of WorkInCrypto.Global, pointed to the unprecedented bull market and said crypto companies are eager to capitalize on this growth.
“We're in the biggest bull market we've ever seen. From a hiring standpoint, we're going to have a lot of work coming in,” he told DL News.
The changes follow two years of job cuts, with 13,500 cryptocurrency-related workers laid off since April 2022.
Major cryptocurrency exchanges currently accepting:
- Binance: Fill 460 roles with a focus on compliance, user focus and innovation.
- Coinbase: Lists 224 roles focused on legal, compliance, finance and accounting.
- Bybit: Despite regulatory obstacles, 69 positions are open across sales, marketing and engineering.
- OKX: Expanding by 414 positions and strengthening finance, human resources and fraud risk departments.
- Crypto.com: We have 335 job openings and are strategically hiring to support our growing market share.
- Bigget: We have 106 roles open, specifically in the areas of marketing and web3 development.
- Bitstamp: Six openings including general counsel and compliance officer.
- KuCoin: 9 positions including senior compliance roles in Türkiye and France.
- Gate.io: 37 positions open despite regulatory challenges.
- HTX: Seven jobs focused on Russian operations and compliance in Hong Kong.
Impact on Bitcoin: The hiring surge by top cryptocurrency exchanges signals strong growth in the industry and investor confidence, which could have a positive impact on Bitcoin prices.
As exchanges expand their teams to accommodate increased market activity, demand for Bitcoin is likely to increase, driving up its price.
Bitcoin Price Prediction
Bitcoin (BTC/USD) is currently trading at $69,088, reflecting a slight decline of 0.33%. This suggests that Bitcoin price is weakening. The green line representing the pivot point at $68,747 is a key level for determining the next price movement.
The immediate resistance is at $70,000, followed by $71,500 and $73,000. On the downside, the immediate support is at $68,500, followed by further support at $67,000 and $65,900.
The relative strength index (RSI) is at 56.26, suggesting neutral momentum, and the 50-day exponential moving average (EMA) is at $68,747, suggesting that this level is offering major support.
Considering the current price movement around the pivot point, traders should be on the lookout for a break above $70,000 for the bulls to continue, with targets of $71,500 and $73,000.
Conversely, a break below $68,500 could trigger a further drop towards $67,000 and $65,900. Since the RSI and EMA are indicating a neutral trend, we suggest closely monitoring these levels for potential trading opportunities.
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Don't miss it! Time is running out! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
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