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 ahead of the September meeting. A stronger jobs number could increase rate hike odds, pushing yields and the dollar higher and pressuring tech stocks and Bitcoin, while a weaker report might ease rate hike expectations and support risk assets. Bitcoin recently surged above $81,000 amid easing Fed hike fears, with Nasdaq futures also rising cautiously ahead of the report. The market is watching closely whether job growth is weak enough to calm the Fed but not so weak as to spark recession fears.
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...
Research firm River projects Bitcoin's price could soar to between $250,000 and $840,000 within three to five years if 20%-40% of global investment portfolios allocate 2%-4% to Bitcoin. Currently, only about 4% of the global population owns Bitcoin, ...
