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.
Bitcoin is on track to achieve a rare three-month winning streak from July to September, a feat last seen in 2012. The cryptocurrency rose 4.8% in July, 25.2% in August, and is currently up 10.9% in September, trading around $86,140. In 2012, a simil...
Zcash surged 10% to over $1,616, leading major cryptocurrencies higher as Bitcoin held steady near $86,900. The positive momentum follows the US House Financial Services Committee's approval of a bill to create a Strategic Bitcoin Reserve and the SEC...
Bitcoin surged to $86,423 after falling below $76,000 a week earlier, signaling a strong recovery despite recent setbacks. Experts Tom Lee and Kevin Maloney say the worst of the crypto market downturn is over, with Maloney noting renewed client inves...
Bitcoin is experiencing its best September performance in 14 years, gaining about 10.1% so far and approaching the $90,000 price level. This is notable because September has historically been a weak month for Bitcoin, with negative returns from 2017 ...
Bitcoin is approaching a critical resistance zone between $82,000 and $83,000, with a weekly close above this level seen as confirmation of a new bullish phase. The cryptocurrency has reclaimed its 50-week moving average around $77,500-$78,000, a his...
