The US dollar slid toward two-week lows after a weak June jobs report showing only 57,000 new nonfarm jobs, which lowered expectations for Federal Reserve rate hikes. This shift reduced the odds of a September rate increase from 65% to about 50%, easing pressure on the dollar and the USD/JPY pair. In response, Bitcoin rebounded 6.5% and Ether surged 11.5% from their recent lows, reflecting renewed investor appetite for risk assets. However, the Fed's policy stance remains cautious, and future data could quickly reverse these trends.
XRP is attempting a strong recovery, testing key resistance at its 50-day moving average, with bullish momentum returning but still facing significant resistance. Shiba Inu remains weak, trading below major moving averages and struggling to break key...
Bitcoin options traders are showing bullish sentiment ahead of the July 8 options expiry, coinciding with the release of the Federal Reserve's June meeting minutes. Call options significantly outnumber puts, indicating optimism for Bitcoin to break a...
Bitcoin surpassed $62,000 and XRP rose nearly 10% amid improving market sentiment driven by softer U.S. jobs data and easing inflation concerns. Investor focus is on the CLARITY Act, a U.S. bill aiming to clarify crypto regulations, which is progress...
Bitcoin and Ethereum prices slipped slightly as overall cryptocurrency trading volumes declined across spot, derivatives, and DeFi markets. This drop in activity reflects reduced risk appetite among traders and a broader market slowdown, with Bitcoin...
Veteran trader Peter Brandt is thinking about selling some of his Bitcoin holdings to invest in gold, based on a technical breakout in the gold-to-Bitcoin (XAU/BTC) ratio chart. This ratio measures how much Bitcoin one ounce of gold can buy, and Bran...
