The U.S. economy added a higher-than-expected 177,000 jobs in April, sparking a rally in traditional markets as bitcoin climbed closer to $98K. Strong Employment Figures Push Bitcoin Toward $98K Threshold The U.S. Department of Labor surprised bearish economists when it published its highly anticipated jobs report on Friday, showing a stronger-than-expected 177,000 jobs added to […] Original
Bitcoin’s price is approaching major resistance zones while funding rates flip increasingly positive—an indication that long exposure is building up. But is this bullish pressure sustainable, or a sign of overheating? Bitcoin’s (BTC) current price movement is testing a key area of resistance following a powerful rally, largely driven by a short squeeze. Now hovering just below $98,000, BTC is encountering strong supply at the confluence of the descending trendline, the 0.618 Fibonacci level, and the point of control from previous trading ranges. At the same time, funding rates across…
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP’s price movement has been highlighted by a rejection at $2.35, followed by a bounce at $2.15. This initial rejection follows a brief rally in the last week of…
The cryptocurrency market continued its recovery in the past week as the total crypto market capitalization breached the $3 trillion mark for the first time since the beginning of March. Bitcoin (BTC) rose to an over two-month high of $97,300 last seen at the end of February, before the “Liberation Day” tariffs announcement in the US, bolstering analyst predictions for a rally driven by “structural” institutional and exchange-traded fund (ETF) inflows into the world’s first cryptocurrency. Risk appetite continued rising among crypto investors, as Chinese state-linked news outlets indicated that…
The U.S. could reduce its current 145% tariff rate on China “within a few weeks,” White House Council of Economic Advisers Chair Stephen Miran said in an interview. Speaking to Bloomberg TV on Friday, Miran said that while he is not directly involved in negotiations, he believes President Donald Trump is committed to reaching a deal and has a strong track record in doing so. Miran referred to the 2019 “phase one” deal as evidence of the president’s ability to strike agreements despite widespread skepticism. “The president has been very…
Digital assets edged higher Friday in step with U.S. equities, buoyed by hints that Washington and Beijing are dialing back their trade spat. The sector’s total capitalization has touched $3.03 trillion, and bitcoin is fetching $97,938 per coin. Fed in Trump’s Crosshairs Again—Markets Surge on Job Data and Trade Hopes Wall Street is on a […] Original
In February, the Department of Government Efficiency (DOGE) began soliciting public input pertaining to the U.S. Securities and Exchange Commission (SEC) — a move suggesting reform at the agency is imminent. Since then, the SEC, in line with President Trump, has taken a far less adversarial stance towards the cryptocurrency industry, as evidenced by the appointment of crypto-friendly personnel and the abandonment of numerous lawsuits and investigations into crypto companies. But DOGE has the potential to implement further change, and interest in the SEC signals growing pressure towards regulators to…
This week, bitcoin climbed steadily to reach nearly $100K, amid hopes for a China-U.S. trade and better macroeconomic conditions ahead. Institutions like Mastercard and BlackRock made important digital asset announcements. An historic stablecoin bill neared completion in the U.S. Congress. (A former prime-mover in the House said to expect a “wicked hot summer” of legislation.) And the Trump Family continued to dominate the crypto news cycle, raising serious conflict-of-interest questions. At CoinDesk, however, the biggest story concerned Movement, a once-hot startup that now seems deeply troubled. Deputy managing editor Sam…
In the annals of financial history, few institutions have faced the tempests of competition with the steadfast resolve of Grayscale Bitcoin Trust (GBTC). Born in 2013 as a private placement, GBTC pioneered regulated Bitcoin investment, granting investors access to Bitcoin’s (BTC) meteoric rise without the perils of digital wallets or unregulated exchanges. On Jan. 11, 2024, it transitioned into a spot Bitcoin ETF following a landmark victory against the SEC. This marked a pivotal moment with the SEC’s view that ETFs can offer lower expense ratios and enhanced tax efficiency…
Key Notes Bitcoin dominance has jumped to 64.89%, marking a four-year high. Stronger-than-expected US job data has delayed hopes for rate cuts, with key implications for BTC. Market focus has shifted to Bitcoin amid sustained institutional inflows. Current market data shows that Bitcoin dominance in the digital asset market has reached its highest level in four years. This increase comes as the latest U.S. job data has given investors reason to reassess their economic expectations, affecting Bitcoin’s breakout potential. US Job Data Exceeds Expectations According to recent reports, the U.S.…