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.
Haider Rafique of OKX expressed skepticism that the Clarity Act, a key U.S. crypto market structure bill, will pass this year due to political dynamics ahead of the midterms. He noted that Democrats have little incentive to support a Republican-led c...
Bitcoin is trading around $65,167, up about 1.4% on the day, after the US Senate confirmed it would not vote on the CLARITY Act before the August recess. The market had already priced in this delay, so the impact was muted. Bitcoin remains in a defin...
Michael Saylor, a prominent Bitcoin advocate, declared that Bitcoin does not require the long-delayed Crypto Clarity Act to function properly. He argued that the law is more necessary for the United States to regulate its crypto operations smoothly r...
Bitcoin remains near $65,000 but faces pressure as the total stablecoin market capitalization has dropped by over $16 billion since May. This decline suggests that capital may be exiting the crypto market rather than just rotating between Bitcoin and...
ETHGas, which tracks Ethereum gas fees, rose over 36% following increased network activity and congestion. The surge was driven by a rebound in Ethereum transactions and a rise in DeFi lending dominance to 67% of onchain borrowing. Layer 2 solutions ...
