Bitcoin and other cryptocurrencies fell as the Federal Reserve held interest rates steady but signaled a closer stance to hikes rather than cuts, fueling inflation concerns. Crypto markets absorbed risk from stalled U.S.-Iran negotiations over the weekend while U.S. equity markets were closed, causing an early stress test for digital assets. Despite Strategy's significant Bitcoin purchases, weak ETF inflows and cautious traders kept buying pressure low. Upcoming U.S. inflation data and diplomatic talks are expected to influence market direction, with analysts warning any price rebound may be temporary rather than a market bottom.
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...
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...
