Bitcoin reached a high of $64,360, supported above $63,500, driven by a short squeeze wiping out $35 million in short positions. The price movement coincides with anticipation of a U.S. Senate vote on the CLARITY Act, though the odds of the bill passing have dropped to 25%. Analysts from Bitfinex warn that Bitcoin's near-term direction depends on real yields and maintaining support between $62,000 and $65,000. If the legislation stalls, Bitcoin's rally prospects will rely more on broader economic factors than crypto-specific events.
Economists expect the US economy to add about 53,000 to 56,000 jobs in August, a rebound from July's loss. The unemployment rate is forecasted to stay near 4.1%. This jobs report is crucial as it influences Federal Reserve decisions on interest rates...
US August nonfarm payrolls rose by 162,000, nearly triple the expected 56,000, with strong wage growth keeping the Federal Reserve's September rate hike debate active. This stronger-than-expected jobs report caused Bitcoin to drop below $80,000 and g...
Bitcoin surged past $81,000 in early September 2026, driven by fading expectations of a Federal Reserve rate hike and massive inflows into US Bitcoin ETFs, with single-day inflows reaching up to $730 million. Alongside Bitcoin, altcoins Zcash (ZEC) a...
Ethereum price recovered from about $2,370 to above $2,520 within 24 hours, rising nearly 6%. The rebound coincided with a broader crypto rally and easing expectations for US interest rate hikes. However, ETH faces strong resistance near $2,550, a le...
Cardano founder Charles Hoskinson outlined a vision for the crypto market's next phase, called Web 2.5, at Coinfest Asia. He highlighted the need to merge traditional finance with crypto assets through four pillars: privacy with compliance, selective...
