Bitcoin showed a slight recovery after US initial jobless claims fell to 226,000, meeting expectations and indicating limited layoffs. However, continuing claims rose, suggesting a gradual cooling in the labor market. This mixed data hints at potential future rate cuts by the Federal Reserve, supporting Bitcoin's price stability amid recent volatility. The market is also watching inflation trends and oil prices, which could influence Fed decisions.
Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum cl...
Cryptocurrency prices, including Bitcoin, Ethereum, and Solana, dropped amid Federal Reserve signals of fewer interest rate cuts and a stronger U.S. dollar. Bitcoin fell 1.3% to about $63,980, while Ethereum declined 1.7% to around $1,741. The Fed's ...
Investors are moving away from major tech stocks and Bitcoin, which have seen significant declines, toward companies that provide AI infrastructure like semiconductor and memory-chip manufacturers. This shift comes as the costs of AI growth rise, wit...
Bitcoin's price fell below $64,000 following the Federal Reserve's indication of a more aggressive interest rate stance, overshadowing positive on-chain trends like long-term holder accumulation. The Fed maintained rates between 3.50% and 3.75%, sign...
The cryptocurrency market declined after the U.S. Federal Reserve indicated that interest rates might stay higher for longer, causing investor caution. Bitcoin and major altcoins like Ethereum, XRP, BNB, and Solana all dropped over 1%, with DeFi toke...
