Bitcoin fell to its lowest level of 2024 at around $57,700 after a US jobs report showed weaker-than-expected employment growth, but quickly rebounded above $60,000. The disappointing jobs data suggests a cooling labor market, increasing hopes that the Federal Reserve may pause or cut interest rates, which typically benefits risk assets like Bitcoin. Despite the bounce, market sentiment remains in extreme fear, indicating uncertainty about whether this recovery will hold or if a deeper decline is coming. Investors should watch if Bitcoin can sustain above $60K, as a break below $57,700 could lead to further drops toward $55,000.
Bitcoin climbed back above $60,000 after Federal Reserve Chair Kevin Warsh declined to indicate future interest rate moves during an ECB panel. Markets largely expect rates to remain steady in July, with a 70.6% probability of no change according to ...
The Winklevoss twins transferred $60 million worth of Bitcoin to their Gemini exchange, likely to sell and take profits as Bitcoin struggles around $59,000. They still hold $300 million in Bitcoin after this move and also moved $7 million in Ethereum...
The Winklevoss twins transferred about $67 million worth of Bitcoin and Ethereum to Gemini wallets, a pattern consistent with their previous selloffs, according to Arkham Intelligence. This move comes as Bitcoin and Ethereum face selling pressure, wi...
Bitcoin climbed toward $60,000 after Federal Reserve Chair Kevin Warsh stated that inflation risks have decreased and reaffirmed the Fed's commitment to a 2% inflation target. Warsh highlighted that artificial intelligence-driven investments could bo...
The cryptocurrency market fell on July 1, with Bitcoin, Ethereum, Dogecoin, BNB, and HYPE all trading lower amid weakening investor sentiment. The EU's new Markets in Crypto-Assets (MiCA) regulation took effect, causing many firms to scale back or ex...
