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.
Bitcoin whales holding between 10 and 10,000 BTC have accumulated over 20,000 BTC worth $1.2 billion since late July, while U.S. spot bitcoin ETFs have drawn $754 million in inflows this week, marking their strongest week since April. Despite this si...
Bitcoin's price is forming a potential bullish inverse head-and-shoulders pattern on its daily chart, which could push prices up to $76,000 if confirmed. This pattern, typically signaling a trend reversal, is not yet confirmed and depends on Bitcoin ...
DeFi's total value locked (TVL) slightly declined to $75.12 billion, down 0.3% from last week and about 34% below the year's peak, reflecting cautious capital deployment despite steady network activity. Ethereum remains dominant with over 55% of TVL ...
The U.S. Senate postponed the vote on the Crypto Clarity Act until September, causing XRP to drop 5.5% over the week, the largest decline among major cryptocurrencies. Bitcoin remained stable around $64,300, supported by inflows into spot bitcoin fun...
Bitcoin traders are closely watching the July US nonfarm payrolls report, with forecasts predicting only 83,000 new jobs and stable unemployment at 4.2%. A weaker report could boost Bitcoin by raising hopes for easier Federal Reserve policies, simila...
