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.
Bitcoin's price hovered around $82,690 on Thursday morning, fluctuating between an overnight low of $82,567 and a high of $84,808, showing a narrow trading range. Despite a 2.64% drop in total crypto market capitalization, Bitcoin remained stable, ca...
Recent rebounds in Bitcoin, XRP, and Cardano have coincided with increased on-chain activity, including more tokens moving to exchanges for Bitcoin, higher transaction volumes for XRP, and a rise in large-value transactions for Cardano. However, thes...
Bitcoin surged above $84,000 on October 21, coinciding with $188.14 million in short liquidations across the crypto market within 24 hours. Total liquidations reached $243.04 million, with short positions making up 77.4% of the total. Bitcoin alone a...
Bitway (BTW) cryptocurrency experienced a sharp decline of 25.09%, dropping to $1.43, marking the largest loss among 90 major cryptocurrencies on October 21. This follows a previous session where Bitway also led losses. Meanwhile, other cryptocurrenc...
Bitcoin experienced significant short position liquidations totaling $35.49 million during a one-hour period ending at 11:15 a.m. ET on October 21, coinciding with a 0.92% price increase from $83,886 to $84,654. Total liquidations, including $70,000 ...
