Bitcoin surged past $61,000 after U.S. June job growth fell short at 57,000 new positions versus 115,000 expected, easing fears of aggressive Federal Reserve rate hikes. The unemployment rate was slightly better than expected at 4.2%, but the mixed data shifted market expectations, lowering the chance of a Fed rate increase this year to 50%. Bitcoin also saw renewed institutional interest with $221.7 million net inflows into U.S. spot Bitcoin ETFs, ending a 10-day outflow streak. This recovery puts Bitcoin on track for about 3% weekly gains after a significant drop earlier in the year, though analysts remain cautious about sustaining these levels.
Bitwise CIO Matt Hougan says MicroStrategy's era as Bitcoin's dominant buyer is ending as the company shifts to a new capital framework allowing Bitcoin sales up to $1.25 billion for dividends, reserves, and buybacks. This change follows a drop in Mi...
For the first time in the current cycle, more bitcoin—about 10.83 million BTC—is held at a loss than at a profit, reflecting a significant correction from January's $109,000 peak. Historically, this shift signals financial stress and often precedes m...
Bitcoin approached $62,000, with Ether and Solana leading gains amid a strong short squeeze and optimism over the Federal Reserve's interest rate outlook. Ether rose nearly 10% weekly, Solana surged 18.6%, and XRP also gained. The rally was fueled by...
Bitcoin approached $62,000 following a strong short squeeze that liquidated $281 million in bearish bets, pushing major cryptocurrencies higher. Ether rose nearly 10% weekly, and Solana gained almost 19%, driven by weaker U.S. jobs data that reduced ...
John Bollinger, creator of Bollinger Bands, identified a fractal "W" pattern on Bitcoin's charts indicating a possible double-bottom recovery signal. After failing to sustain above $82,000 in May, Bitcoin corrected sharply and now trades around $61,5...
