Bitcoin surged above $61,000 and gold stabilized above $4,050 after Fed Chair Kevin Warsh indicated inflation risks are decreasing. This sparked hopes that the upcoming U.S. nonfarm payrolls report, expected to show slower job growth, will support a softer inflation outlook and reduce the likelihood of aggressive Fed rate hikes. Weaker labor market data would likely pressure the U.S. dollar and fuel further gains in bitcoin and gold as investors seek hard assets. However, stronger-than-expected wage growth could stall this rally, making the jobs report a key market catalyst.
Bitcoin surged above $61,000 and major cryptocurrencies like Solana and Ether rose significantly following dovish comments from Federal Reserve Chair Kevin Warsh, signaling reduced inflation risks and a softened rate hike outlook. Smaller speculative...
Japanese company Metaplanet increased its Bitcoin holdings by 2,823 BTC to a total of 43,000 BTC, even as U.S. spot Bitcoin ETFs experienced $295 million in net outflows on July 1. This highlights a divergence in institutional approaches, with corpor...
Bitcoin's price recently dipped below $58,000 before rallying back to test the $60,000 level as support. Technical analysis suggests a falling wedge pattern is forming, which typically signals a bullish breakout, with targets at $65,500 and $67,200 i...
Bitcoin surged over 4% to trade above $61,000 following Federal Reserve Chair Kevin Warsh's remarks that inflation risks have lessened, easing concerns about aggressive interest rate hikes. This rise contrasts with a sharp 7.9% drop in South Korea's ...
Bitcoin price has climbed back above $60,000, driven by easing oil prices and improved U.S. macroeconomic sentiment, which boosted risk appetite. Despite this recovery, persistent outflows from U.S. spot Bitcoin ETFs continue to pressure institutiona...
