Category: Bitcoin News

Bitcoin slips below $70K as US jobs shock reignites Fed Cut bets

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Surprise February US jobs losses and a higher unemployment rate revive rate‑cut hopes but leave BTC stuck near $70K amid broader risk‑off mood. Summary The US jobs shed 92,000 in February versus forecasts for a 59,000 gain, a sharp reversal from January’s 126,000 increase. Unemployment rose to 4.4%, above the expected 4.3%, underscoring a more fragile labor backdrop. BTC is pinned around $70,000 as traders weigh softer data against spiking oil, falling equities and shifting Fed‑cut odds. February’s US jobs report landed as a clean downside surprise: instead of a…

Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off

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Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures. Wiping out the ‘War Gains’ Bitcoin’s midweek resilience crumbled Friday, March 6, as the cryptocurrency surrendered the psychological $70,000 stronghold. After a […] Original

Tether’s $7.5M bet on Bitcoin payments using USDT

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As majors sell off, Tether quietly doubles down on turning Bitcoin into a $-settlement backbone via Lightning-native USDT rails. Summary Tether co-leads a $7.5M round in Utexo to enable native USDT settlement on Bitcoin and Lightning.​ Utexo promises fixed, pre-confirmable fees, atomic settlement and stronger privacy anchored to Bitcoin’s security.​ Move comes as BTC trades near $68,600 and majors slide 3–5%, underscoring demand for resilient $ liquidity. Tether has taken a calculated step to bind USDT more tightly to Bitcoin’s base layer, co-leading a $7.5M financing round for Utexo, a…

Bitcoin options show market panic is fading as BTC pulls back from highs

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Implied volatility cools, skew normalizes, and options flows turn more balanced even as majors trade lower across the board. Summary Implied volatility has dropped sharply from early February highs, signaling reduced tail-risk pricing in BTC options. Skew has compressed from 20% to around 10%, reflecting fading demand for panic hedges and more two-sided positioning. Roughly 54.4% of flows are now bullish versus just 21.3% shorting the move, suggesting a shift from fear to calculated risk-taking. After Bitcoin’s (BTC) brief push to around $74,000, the market has given back ground, with…

Bitcoin price eyes reversal as IFP indicator flips bullish

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Bitcoin price is showing early signs of a possible trend shift after a key on-chain indicator flashed a rare bullish signal, even as the market continues to consolidate. Summary Bitcoin’s Inter-exchange Flow Pulse crossed above its 90-day moving average for the first time since early 2025. BTC is consolidating between $67K and $72K after a sharp drop from the $95K region. A breakout above $72K could open the path toward the $75K–$78K resistance zone. Bitcoin (BTC) was changing hands at around $70,080 at the time of writing. That represents a…

Arthur Hayes warns U.S.–Iran war could force Fed back to the printer, supercharging Bitcoin

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Bitcoin is pinned in a heavy macro crossfire as Arthur Hayes argues that an Iran‑driven oil shock could drag the Fed into fresh money printing and ultimately catapult BTC toward six‑figure territory. Summary Hayes links a U.S.–Iran war, an oil spike, and surging bond volatility to a renewed “money printing bailout” that he says will be rocket fuel for BTC. Brent is already up roughly 24% in a month as conflict chokes the Strait of Hormuz, while Treasury yields and inflation expectations grind higher. BTC, stuck well below its 2025…