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 hawkish stance and a rising U.S. Dollar Index pressured risk assets, causing over $436 million in leveraged crypto positions to be liquidated. Investors are watching Bitcoin's support near $64,000, but ongoing Fed uncertainty may keep market volatility high in the near term.
Bitcoin price dropped about 2.7% to below $79,300 following a stronger-than-expected US jobs report that increased expectations for a Federal Reserve rate hike. The US economy added 162,000 jobs in August, far exceeding forecasts, which strengthened ...
Bitcoin surged above $82,000 on September 3 after $250 million in short positions were liquidated, triggering a $758 million total crypto market liquidation dominated by shorts. This short squeeze fueled a 21% rally in Zcash and notable moves in Ethe...
Bitcoin's price pulled back to around $81,150 after briefly exceeding $82,000 on September 4, driven by profit-taking following a short squeeze fueled by softer Federal Reserve rate hike expectations and strong inflows into US spot Bitcoin ETFs total...
The SEC issued Order No. 34-106268 approving XRP and Solana as digital commodities alongside Bitcoin and Ether, allowing actively managed crypto ETFs to hold up to 15% of assets in these coins. This regulatory clarity sparked a $566.9 million short s...
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...
