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.
The U.S. Consumer Price Index (CPI) for August rose 3.4% year-over-year, matching expectations, with core CPI at its lowest since 2021. This inflation data led to a Bitcoin price rebound above $78,000, alongside gains in Ethereum and Solana. Despite ...
On September 8, XRP spot ETFs attracted approximately $1.55 million in net inflows, making it the only cryptocurrency ETF to record daily gains. In contrast, ETFs for Bitcoin, Ethereum, Solana, and Hyperliquid experienced net withdrawals on the same ...
Cryptocurrency prices are fluctuating with Bitcoin dropping 1.04% to $76,945 and Ethereum slightly down by 0.14% to $2,454.48. Several altcoins like ZEC and BCH experienced notable declines, while a few tokens such as MORPHO and RAY posted gains. Thi...
A collaborative research project involving over 100 participants and AI agents has reduced the quantum resources required for a key arithmetic step in attacking Bitcoin and Ethereum's elliptic-curve signatures by 86%. The study focused on reversible ...
Global bond yields have surged, with the US 10-year yield nearing 5% and the UK 10-year yield heading toward 6%, signaling economic stress. This rise in yields has weighed on Bitcoin, pushing its price down to $76,500. Bitcoin is currently bouncing w...
