Bitcoin News
Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility
The price swing liquidated nearly $50 million of leveraged derivatives positions across all cryptocurrencies in one hour, CoinGlass data shows.
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
The bitcoin price rose 1% just after the numbers hit, but remains lower by about 5% from one week ago.
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
The latest price moves in crypto markets in context for Sept. 6, 2024.
Bitcoin's 200-Day Average About to Lose Bullish Momentum; NFP Eyed
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows
Bitcoin tumbled below the $56,000 level on Thursday before a modest bounce.
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
The U.S. central bank has indicated it will begin cutting the fed funds rate at its mid-September meeting, but the size and speed of the easing cycle is up for debate.
Crypto for Advisors: Bitcoin and Gold, Stores of Value
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.
