Bitcoin surged to $65,340 on August 7 after US July nonfarm payrolls unexpectedly fell by 23,000, the first monthly job loss since February. This weaker employment data reduced the probability of a Federal Reserve rate hike in September from 55% to 42%, boosting market sentiment. US spot Bitcoin ETFs saw $98.85 million in net inflows, marking five consecutive days of positive flows, indicating strong investor interest. The market remains cautious but resilient amid these shifts, with Bitcoin trading in a $62,000 to $65,000 range and eyes on inflation data for future Fed moves.
Top traders are reducing Bitcoin long positions, especially in USDT-margined futures, indicating a cooling of leveraged bullish sentiment. Data shows a notable decline in the share of accounts holding BTC longs, suggesting broad de-risking rather tha...
A major whale investor has boosted their Bitcoin long exposure on the Hyperliquid exchange, coinciding with HyperLabs transferring large amounts of its HYPE tokens to centralized exchanges. This activity reflects growing confidence among whales, with...
Trump Media has canceled its plans with Crypto.com to create a publicly traded company for accumulating and staking Crypto.com's CRO token, citing changing market conditions and business priorities. The company is also dropping a separate Crypto.com ...
Bitcoin is trading around $64,941 with a slight increase of 0.8%, while Ethereum and Binance Coin also see modest gains. Some altcoins like Solana and Zcash show stronger positive movements, whereas others like XRP and Cardano experience declines. Th...
The U.S. Senate has postponed the vote on the Clarity Act to September 14 due to lack of consensus, stalling hopes for clear crypto regulations. This delay has left Bitcoin trading around $64,000, unable to break resistance near $66,000 despite $626 ...
