Bitcoin briefly fell to $59,825, its lowest since October 2024, following stronger-than-expected US labor market data. The robust job growth and steady unemployment rate boosted the US dollar, causing a selloff in cryptocurrencies and other risk assets. Bitcoin later recovered above $61,000, but the total crypto market value dropped 5% to around $2.2 trillion. Major cryptocurrencies like Ether, BNB, XRP, and Solana also saw significant declines, reflecting the dollar's influence over riskier assets.
Dogecoin and Shiba Inu each fell about 9% amid Bitcoin's slide toward the $60,000 mark, with heavy selling in speculative crypto sectors. Both tokens broke key support levels and saw their largest trading volumes during price declines, indicating str...
Economist Robin Brooks states that gold has lost its status as a safe-haven asset, now behaving like a pro-cyclical, high-beta asset similar to Bitcoin and the S&P 500. Both gold and Bitcoin have shown rising correlations with equities, reaching over...
Over $615 million in long liquidations, mainly in Bitcoin and Ethereum, caused a rapid crypto market sell-off within four hours, signaling a shift from bullish to cautious trading. Bitcoin fell 3.35% to $61,844, Ethereum dropped 7.46% to $1,654, and ...
Russia's new digital currency law will allow retail investors to buy only Bitcoin, Ethereum, and Tether's USDT, with an annual purchase limit of 300,000 rubles (about $4,000). The Central Bank of Russia confirmed this restricted list, citing strict c...
Cryptocurrency markets experienced a broad decline with major altcoins like Ethereum, Solana, and XRP falling sharply, signaling reduced risk appetite among traders. Bitcoin showed relative strength, dropping only 3.35% to $61,844, while its market d...
