Bitcoin fell below $80,000 following a stronger-than-expected U.S. jobs report showing 162,000 new jobs in August, far exceeding forecasts. This unexpected data shifted Federal Reserve rate hike odds to an even 50/50, increasing market uncertainty ahead of the September 15-16 FOMC meeting. Meanwhile, Bitcoin's network faced turmoil with a failed BIP-110 soft fork and a new Blake2b hard fork aiming to decentralize mining, though adoption remains minimal. These macroeconomic and network challenges are fueling Bitcoin's volatility as traders await clearer signals from the Fed and the crypto community.
Bitcoin briefly rose to nearly $84,000 following a hotter-than-expected U.S. inflation report but then dropped to about $80,400, just above last week's low. The core inflation rate rose to 2.6%, increasing the likelihood of a Federal Reserve rate hik...
Bitcoin and Ethereum prices fell sharply after US inflation data exceeded expectations, with Bitcoin dropping 3.8% and Ethereum 6.6%. The hotter inflation raised fears of a Federal Reserve rate hike, causing increased market volatility and nearly $1 ...
On October 15, crypto markets experienced $957.77 million in liquidations, mainly from long positions, driven by inflation concerns and Federal Reserve policy fears. Ethereum and Bitcoin accounted for over half of the liquidations, with Bitcoin testi...
Bitway (BTW) experienced the largest drop among major cryptocurrencies, falling 22.24% to $2.02, as 80 out of 89 large non-stablecoin assets declined. Other notable losses included Pump.fun (PUMP) down 14.95% and Ethena (ENA) down 13.16%. Bitcoin and...
The total cryptocurrency market capitalization fell 5.5% to $2.75 trillion, driven by a 2.5% decline in Bitcoin price to $81,447. Bitcoin’s dominance rose to 59.5% as investors shifted capital into it amid broader risk aversion affecting other crypto...
