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, similar to June's reaction when weak jobs data pushed Bitcoin above $64,000. However, any gains may be short-lived if the Fed signals rate hikes, as seen previously. The market's reaction will depend largely on how the Fed interprets the labor data and inflation trends moving forward.
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 fell to around $64,384 after failing to break above the $65,000 resistance level, following stronger-than-expected US jobless claims data that suggest a resilient labor market. The initial jobless claims were 199,000, below economists' foreca...
