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U.S. added 64,000 jobs in November, with unemployment rate jumping to four-year high of 4.6%

Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.

Sign saying "Now Hiring" sits on a lawn.

Markets

Bitcoin slides to $86,000 as slower rate cut risk, AI stock woes shake markets

Crypto-related stocks suffered far deeper declines as bitcoin slumped well below its recent trading range.

roaring bear

Markets

Bitcoin plunges below $86,000 as crypto weakness worsens

The curse of the U.S. trading session — in which bitcoin tends to fall as American stocks trade — has hit yet again.

Bitcoin (BTC) price (CoinDesk)

Policy

Terraform's Do Kwon Sentenced to 15 Years in Prison for Fraud

The Terraform Labs co-founder pleaded guilty to conspiracy and wire fraud in August.

Do Kwon (CoinDesk archives)

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Markets

Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure

Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.

Bitcoin (BTC) price (CoinDesk)

Markets

Bitcoin Stumbles Back Below $90K as Dollar Sinks to 7-Week Low After Fed Rate Cut

The U.S. dollar, along with precious metals and bond yields, is reacting as expected to easier financial conditions, but crypto remains in a bearish trend.

DXY Index (TRadingView)

Markets

Federal Reserve Cuts Rates 25 Basis Points, With Two Members Voting for Steady Policy

The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.

Federal Reserve Chair Jerome Powell

Markets

Bitcoin Surges to $94K One Day Ahead of Expected Fed Rate Cut

The change from what's become typical bearish U.S. session action could signal seller exhaustion.

CoinDesk

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Markets

Standard Chartered Throws in the Towel on Bullish Bitcoin Forecast

Bowing to what he called a "cold breeze," but not a "crypto winter," Geoff Kendrick slashed his year-end outlook for BTC to $100,000 and doesn't expect $500,000 until 2030 versus 2028 previously.

Bitcoin Logo (Midjourney/modified by CoinDesk)

Markets

Strategy Bought Nearly $1B in Bitcoin Last Week as Saylor's Company Returns to Big Purchases

Last week's acquisition was mostly funded via the sale of common stock.

Michael Saylor