📊 July 2 Market Briefing. Bitcoin Bounces 3.2% New Jobs Data Drops Today and Meta Is Going to War With Amazon Web Services

There are five things happening on Thursday and each one is really important for how you invest your money over the long July 4 weekend. Let me explain each one to you.

Meta Is Building a Cloud Business to Compete With Amazon Web Services, Microsoft and Google

This is a story about Meta that nobody saw coming. The reason Meta is doing this is really interesting. Meta has spent years building a powerful computer system for its artificial intelligence needs. It has its own special computer chips, huge data centers and its own way of connecting computers. Meta uses this system for Facebook, Instagram, WhatsApp and Reality Labs. Now Meta is going to let other companies use this system too which will compete with Amazon Web Services, Azure and Google Cloud. This is a deal. It means that prices for cloud computing will likely go down over time and more companies will want to use intelligence. This is good for companies that make computer chips and memory like SK Hynix, Micron and Marvell.

Bitcoin is at $60,009. It is finally back above $60,000 after a bad week.

Bitcoin is up 3.2% in the 24 hours and it is now trading at $60,009. This is a deal because it is back above $60,000. Ethereum is also up 3.4% at $1,609. This is happening because the jobs report from the day was not very good. It said that only 98,000 new jobs were created, which is much lower than expected. This makes people think that the Federal Reserve will not raise interest rates in July, which's good for Bitcoin and other risky investments.. We do not know if this is a real trend or just a temporary bounce. It depends on what the new jobs data says today.

The New Jobs Data Comes Out Today. This is the Important Number of the Week

The new jobs report comes out today which is one day early because of the holiday on Friday. Most people think that 110,000 new jobs were created, which is much lower than month. The big question is. Was months jobs report just a fluke or is the job market really getting stronger? If the new jobs report is weak it will make people think that the Federal Reserve will not raise interest rates in July, which could help Bitcoin go up.. If the report is strong it will make people think that the Federal Reserve will raise interest rates, which could make Bitcoin go down. This one number will determine what happens to the economy over the July 4 weekend.

Venice AI Just Raised $65 Million from Dragonfly

Venice AI just raised $65 million from a company called Dragonfly. Venice AI is a company that builds intelligence systems that protect peoples privacy. They do this by running the intelligence models in a special way that does not use centralized servers. This investment from Dragonfly is a deal because it shows that big investors are putting their money into artificial intelligence and cryptocurrency. Every dollar that goes into this kind of intelligence has a big impact on the blockchain and cryptocurrency markets.

Tom Lee Says the Ethereum Foundation is Focused on Financial Infrastructure and Government Policy

Tom Lee said something about the Ethereum Foundation. He said that they are working hard to fix problems with infrastructure and government policy. This is interesting because the Ethereum Foundation just restructured and cut 20% of its staff. They are also working on an upgrade to the Ethereum network called the Glamsterdam upgrade. Tom Lee thinks that the Ethereum Foundation is not giving up. They are just changing how they work. They are going to focus on working with governments and institutions of just building new technology. This is important for people who invest in Ethereum.

Which of these five things will change how you invest your money the most. Bitcoin going back above $60,000 Meta entering the cloud computing market the new jobs report or Tom Lees thoughts, on the Ethereum Foundation?

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