Bitcoin fell to around $64,384 after failing to break above the $65,000 resistance level, following stronger-than-expected US jobless claims data that suggest a resilient labor market. The initial jobless claims were 199,000, below economists' forecast of 204,000, reinforcing concerns that the Federal Reserve may keep interest rates high to combat inflation. This outlook tends to reduce demand for riskier assets like Bitcoin, as higher rates make yield-bearing investments more attractive. Bitcoin now needs to reclaim the $65,000 level to resume its upward momentum, while investors await upcoming US inflation and employment data for further guidance on Fed policy.
Bitcoin briefly neared $65,000 on August 6, maintaining support above $64,500 despite some intraday dips. The cryptocurrency's market cap approached $1.3 trillion, contributing to the broader crypto market cap nearing $2.29 trillion. Reduced short li...
Allora Forge has expanded its decentralized AI platform by adding four new topics that predict 15-minute realized volatility for Bitcoin, Ethereum, Ripple, and Solana. These models collect data every five minutes and use a regret-based scoring system...
Cryptocurrency prices are fluctuating with Bitcoin holding steady around $64,486, while other altcoins show mixed performance. Ethereum gained 1%, Cardano surged 7.1%, and Litecoin rose 1.1%, whereas tokens like XRP, Solana, and Shiba Inu experienced...
On-chain data shows that large XRP holders have been steadily buying during a recent market downturn, maintaining their positions without pushing prices aggressively higher. Meanwhile, Ethereum holders are experiencing more significant paper losses, ...
Bitcoin's spot trading volume has dropped to its lowest level in 2026 during the ongoing crypto bear market, but analyst Michaël van de Poppe sees this as a prime opportunity to accumulate. He points out that previous Bitcoin price rallies, like the ...
