U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
Market participants became increasingly convinced that the Fed was going to trim rates at its September meeting following the report. Inflation continued to retreat in…
Category: News
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…
Bitcoin’s Double Top Suggests BTC Could Fall to $50K: Analyst
The bearish pattern hints at a further correction. Bitcoin (BTC) has carved out a double-top price pattern, signaling a potential bearish trend change ahead of key data…
XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH. Crypto traders looking for clues on pockets of the crypto market…
Payrolls-Led Bitcoin, Ether Price Swoon Is ‘Buy the Dip’ Opportunity, Crypto Trading Firm Says
Markets will increasingly price in at least one Fed interest-rate cut for 2024, QCP Capital said. Bitcoin (BTC) and ether (ETH) have lost steam since Friday’s hotter-than-expected U.S. jobs…
Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March
This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January. U.S.-listed spot bitcoin (BTC) exchange-traded funds…
First Mover Americas: Crypto Prices Tick Upward as Meme Coin Season Receives Fresh Impetus
The latest price moves in crypto markets in context for June 3, 2024 Bitcoin kicked off the week by reclaiming $69,000 as crypto assets ticked up across…
First Mover Americas: Bitcoin Falls Below $68K After $9B Mt. Gox Transfer
Bitcoin fell below $68,000 after wallets belonging to Mt. Gox transferred $9 billion worth of BTC to an unknown address early Asian morning. The transaction is possibly part…
U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government’s Wednesday report gave some hope that Fed rate cuts might still be on the…
State of Wisconsin Buys Nearly $100M Worth of BlackRock Spot Bitcoin ETF
The state’s investment board bought 94,562 shares of BlackRock’s iShares Bitcoin Trust in the first quarter of the year. The U.S. state of Wisconsin purchased…