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Bitcoin dips below $64,400 amid strong US jobs data and rate hike concerns, but ETF inflows surge in early August.

Market News
07 Aug 2026
Blockonomi
View Source
Bearish
Bitcoin dips below $64,400 amid strong US jobs data and rate hike concerns, but ETF inflows surge in early August.

Bitcoin fell 0.69% to around $64,384 after hitting resistance near $64,800–$65,000, pressured by strong US labor market data showing jobless claims below expectations and increasing odds of a Fed rate hike in September. Rising crude oil prices and geopolitical tensions in the Strait of Hormuz also weighed on risk assets. Despite the dip, Bitcoin spot ETFs saw a significant inflow of $626 million in early August, a sharp rise from July's $172.4 million, indicating renewed investor interest amid market uncertainty. The market now assigns a 54.71% chance of a 25-basis-point Fed rate increase next month, with investors closely watching Fed communication strategies.

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Ethereum price tops $2,700 as whales invest $106M, signaling strong medium-term confidence.

Ethereum price tops $2,700 as whales invest $106M, signaling strong medium-term confidence.

Ethereum's price surged above $2,700 for the first time since January 31, driven by two major investors who collectively poured $106.4 million into ETH over five days. One whale swapped 1,107 BTC for 34,422 ETH and staked all coins, indicating a medi...

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Bitcoin stalls near $80,400 after failing to break $82,000 resistance, with mixed institutional signals.

Bitcoin stalls near $80,400 after failing to break $82,000 resistance, with mixed institutional signals.

Bitcoin's price hovered around $80,443 after failing to surpass the $81,900-$82,300 resistance zone, following a sharp rebound from a September 16 low of $74,913. Despite 13 of 15 moving averages remaining positive, indicating an intact broader uptre...

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Neutral
4 hours ago
Ethereum price rebounds near $2,600 amid reduced supply and rising staking, with forecasts up to $10,000.

Ethereum price rebounds near $2,600 amid reduced supply and rising staking, with forecasts up to $10,000.

Ethereum's price bounced back from $2,360 to around $2,600, though it remains 47% below its October 2025 peak. The supply of ETH on exchanges has dropped 28% since May 2025, reducing coins available for quick sale, while staked ETH increased from 29....

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Bullish
4 hours ago
Bitcoin surges 4% past $84,000 after Fed rate hike and ETF inflows boost demand.

Bitcoin surges 4% past $84,000 after Fed rate hike and ETF inflows boost demand.

Bitcoin's price jumped to $84,374, up about 4% after breaking through a key resistance level that had held since spring. The rally was sparked by the Federal Reserve's less hawkish rate hike and strong inflows into US spot Bitcoin ETFs, signaling rea...

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Bullish
4 hours ago
Jim Cramer's 2025 'buy crypto' call led to losses amid Bitcoin and Ethereum price drops in 2026.

Jim Cramer's 2025 'buy crypto' call led to losses amid Bitcoin and Ethereum price drops in 2026.

In September 2025, Jim Cramer recommended buying cryptocurrencies, linking the advice to the rising U.S. national debt. However, by September 2026, Bitcoin, Ethereum, and XRP prices had fallen significantly, resulting in losses for investors who foll...

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Bearish
5 hours ago
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