Economy
'Overbought' Bitcoin Drops Below $64K as ISM Manufacturing Data Looms: 10x Research
The U.S. data, due Tuesday, has triggered 10% price drops in the first week of the past three months, 10x Research said.
Trump Promises to Embrace ‘Industries of the Future’ Including Crypto, AI
If elected, the former U.S. president has said he will install Elon Musk as head of a new government efficiency commission.
U.S. Leading Economic Indicators Continue to Fall, No Longer Signal Recession
The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.
U.S. Added Just 114K Jobs in July, Unemployment Rate Shoots Up to 4.3%
The price of bitcoin initially showed little reaction to the soft data even as traders quickly amped up bets on big Fed rate cuts in the second half of the year.
Risks Are Skewed to a Weaker Nonfarm Payrolls Print, ING Says
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
Bitcoin Keeps Weekly Loss as 'Anti-Risk' Yen Strengthens After BOJ Rate Hike
The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.
U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021
Bitcoin dipped a hair on the news but prices had already crashed over the past 48 hours as markets dealt with a crush of new supply.
Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012
The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.
Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event
The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm in the crypto market.
