Bitcoin climbed nearly 2% to around $65,200 after U.S. July jobs data showed a surprising loss of 23,000 payrolls, missing expectations for growth. This weak report reduces the likelihood of a Federal Reserve rate hike in September, pushing traders to price in a higher chance of unchanged rates. However, geopolitical and inflation risks keep investors cautious, limiting Bitcoin's upside. The market now awaits the August consumer price index report to gauge inflation trends and future Fed actions, which will influence Bitcoin's near-term direction.
Ethereum price recovered from about $2,370 to above $2,520 within 24 hours, rising nearly 6%. The rebound coincided with a broader crypto rally and easing expectations for US interest rate hikes. However, ETH faces strong resistance near $2,550, a le...
Cardano founder Charles Hoskinson outlined a vision for the crypto market's next phase, called Web 2.5, at Coinfest Asia. He highlighted the need to merge traditional finance with crypto assets through four pillars: privacy with compliance, selective...
Research firm River projects Bitcoin's price could soar to between $250,000 and $840,000 within three to five years if 20%-40% of global investment portfolios allocate 2%-4% to Bitcoin. Currently, only about 4% of the global population owns Bitcoin, ...
Bitcoin and Ethereum are expected to see a strong fourth quarter with Bitcoin potentially reaching $150,000, according to Fundstrat's Tom Lee. He believes the crypto market turbulence from earlier in the year has ended, with key catalysts aligning fo...
Bitcoin surged 6.8% to $82,200, its highest level since May, following dovish comments from Federal Reserve Governor Christopher Waller that reduced expectations of a September rate hike. This shift weakened the US dollar and boosted risk assets, lif...
