Does the Fed Need to Cut Now? Bitcoin Crumbles Back Below $113K After ISM Services PMI
A stalwart in showing strong economic activity, the ISM Services PMI has moved notably slower over the past three months. Adding to the shocking downward
U.S. Added Just 73K Jobs in July, Unemployment Rate Rose to 4.2%
In addition to the weak July number, June’s and May’s originally reported strong job growth were revised sharply lower. U.S. jobs market growth slowed considerably
Whale Revives Profit-Taking Concerns as Bitcoin Holds Flat: Crypto Daybook Americas
Bitcoin’s Asian session bounce from $117,500 ran out of steam near $119,200 during European hours, extending two weeks of directionless trading. The CoinDesk 20 (CD20) Index traded 1.4%
PNC Bank to Offer Crypto Access Through Coinbase Amid Growing Institutional Demand
The partnership aims to bring crypto trading to PNC clients and banking support to Coinbase, the companies said. PNC Bank (PNC) is partnering with Coinbase (COIN) to offer its
Bitcoin Treads Water as Traders Eye $140K: Crypto Daybook Americas
While bitcoin BTC$119,172.52 is pretty much back to where it was 24 hours ago, ether (ETH) and XRP XRP$3.4963 extended their gains after the House of Representatives passed the
Crypto Is Going Mainstream and ‘You Can’t Put the Genie Back in the Bottle,’ Bitwise Says
Regulatory clarity would allow major financial institutions to fully build in crypto, the report said. The U.S. is on the verge of passing landmark crypto
Grayscale Files Confidential Submission for IPO With SEC
The asset manager joins a number of crypto firms that are looking to go public as the digital assets market heats up. Grayscale Investments said
Coinbase Partners With Perplexity AI to Bring Real-Time Crypto Market Data to Traders
The tie-up will allow users to dig into market trends, monitor price action and explore token fundamentals. Coinbase (COIN) has partnered with AI search engine startup Perplexity
Bitcoin Rebounds Toward $110K, Presaging What Could Be a Volatile July
Lifting crypto sentiment today could be what’s being touted as a strong debut for a Solana staking ETF. Bitcoin BTC$109,601.05 is bouncing hard towards $110,000 on
Trump Media Share Buyback to be Funded Separately From BTC Treasury Strategy
Trump Media recently raised more than $2 billion from around 50 institutional investors to create a BTC treasury. Trump Media and Technology Group (DJT), the
Tron Looks to go Public in the U.S., Form Strategy Like TRX Holding Firm: FT
The new venture will buy and hold TRX, like bitcoin holding firm Strategy. Tron, the blockchain founded by billionaire Justin Sun, is looking to go
Crypto Daybook Americas: Bitcoin Weathers Market Rout as Israel Hits Iran
Cryptocurrencies slid as Israeli airstrikes on Iran’s nuclear and missile sites roiled global sentiment and sent investors fleeing risk assets. The CoinDesk 20 Index (CD20),
U.S. CPI Rose Softer Than Expected 0.1% in May, Sending Bitcoin Higher
The core rate rose just 0.1% as well, far less than the 0.3% forecast. There was good news on the U.S. inflation front in May
Bitcoin Uptrend at Risk of Breakdown Ahead of Nvidia Earnings, Fed Minutes
The Federal Reserve’s minutes and Nvidia’s earnings are key events that could influence market movements. Bitcoin’s BTC$107,634.89 upward trend continued to show signs of weakness early Wednesday, even
Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K
The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones. What was
First Mover Americas: Bitcoin Shaky as Traders Bank Profits
The latest price moves in crypto markets in context for Nov. 15, 2024. Bitcoin pared some of Thursday’s losses during the European morning to trade above
Trump Wins, Bitcoin Unlikely to See Big ‘Sell-The-Fact’ Price Drop: Omkar Godbole
While sell-the-fact price slide looks unlikely, traders still need to watch out for the other side of the Trump trade – hardening bond yields and
Key Indicators Challenge Fed’s ‘Normalization’ Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls. Since the U.S. Federal Reserve (Fed) cut rates by 50 basis
Bitcoin Could Surge Thanks to Looser Financial Conditions
A less-widely followed report from the Chicago Fed indicated the easiest conditions since November 2021 The Chicago Fed’s National Financial Conditions Index (NFCI) offers a weekly update
Bitcoin Traders Eye $55K Amid U.S. Stocks Sell-off, XRP Leads Losses in Major Cryptos
Traditional markets from the U.S. to Japan saw declines across major indexes and stocks, with the tremors seeping into the cryptocurrency market. Bitcoin (BTC) reversed losses in
Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether
The exchange blamed a data discrepancy with a custodial platform for having caused the transfer of assets. But popular members of the Indian crypto community
Bitcoin Retakes $62K as ‘Trump Trades’ Back In Vogue After Weekend Attack
The weekend attack on pro-crypto presidential candidate Trump should galvanize bids for cryptocurrencies, one observer said. Assets linked to U.S. Republican candidate Donald Trump’s probability
Bullish Bitcoin Drivers Remain in Play Despite Germany’s Sales, Mt. Gox Reimbursements
Macro factors and persistent “risk-on” in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry. It may seem like turbulent times in