A weak jobs report by the Bureau of Labor Statistics confirmed the gloomy employment outlook previously reported by human resources firm ADP. More Weak Jobs Data Triggers Second BTC Sell-off, Price Revisits $110K Just a day after New Jersey-based human resources giant ADP sent bitcoin ( BTC) below $110K with lower-than-expected private sector employment numbers, […] Original
Key takeaways: Bitcoin briefly surged to $113,000 before reversing after weaker-than-expected US payrolls data. Onchain flows show $2 billion in stablecoin inflows and record open interest near all-time highs. A weekly close above $112,500 is needed to confirm a lasting market bottom. Bitcoin (BTC) has rallied as much as 4.75% this week, rising to $113,384 from $109,250, extending its bullish momentum into the US Nonfarm Payrolls (NFP) release on Friday. The data came in significantly weaker than expected, with only 22,000 jobs added in August versus forecasts of 75,000 and…
Bitcoin has bounced back above $112,000 after slipping to $107,000 last week, its lowest mark since July. The rebound has stirred hope among traders, but analysts remain split on whether the current upswing can hold through September. Related Reading September’s Track Record Under Scrutiny Historical data shows September hasn’t been kind to Bitcoin during post-halving years. In 2017, the coin ended the month with a close to 8% loss, while in 2021 the decline was 7%. Even further back, in 2013, Bitcoin dropped 1.60% in the same month. That pattern…
Latest inflation data suggest that the Fed will likely remain conservative in its rate cuts, far short of Trump’s preferred 1% level. Summary U.S. services inflation remained high in August, removing hopes for a higher rate cut The Fed will still likely cut interest rates by 25 basis points, as expected Higher-than expected interest rates chances hurt Bitcoin Latest inflation data hurt the chances that the Fed might cut rates more than expected. On Thursday, September 4, Bitcoin (BTC) was down 2.4%, trading at $109,444, following reports that services inflation…
Publicly traded companies now collectively hold more than 1 million bitcoin, marking a milestone that represents nearly 5% of the cryptocurrency’s fixed 21 million supply, according to bitcointreasuries.net. Listed Companies Amass 1,000,000+ BTC; Strategy Remains No. 1 As of today’s tally, bitcointreasuries.net shared an image that shows publicly traded firms controlling more than 1 million […] Original
Crypto holdings reported in Australian Self-Managed Super Funds have dropped by approximately 4% year-on-year despite a crypto market rally, according to the Australian Taxation Office. The data, which has been adjusted for consistent valuation, shows that in June 2025, SMSF crypto holdings were at 3.02 billion Australian dollars ($1.97 billion), approximately $100 million Australian dollars less than the reported $3.12 billion in June 2024, as per the ATO report published on Wednesday. The fall came despite Bitcoin (BTC) price increasing approximately 60% over the same period, while the overall Asia-Pacific…
Chainlink (LINK) surged 3% to trade around $24 on Monday, marking a beginning of a strong performance in September despite a broadly cautious crypto market. Related Reading The rally was fueled by two significant announcements: a landmark U.S. government partnership to publish macroeconomic data on-chain and Bitwise’s filing for a spot Chainlink ETF with the SEC. The U.S. Department of Commerce confirmed that the Bureau of Economic Analysis (BEA) will now release critical indicators such as GDP growth and the PCE Price Index directly across blockchain ecosystems like Ethereum, Arbitrum,…
Felix Pinkston Aug 31, 2025 16:03 The US Department of Commerce has for the first time posted GDP data on the Stellar (XLM) blockchain, marking a significant step in government transparency and blockchain technology adoption. In a groundbreaking move, the US Department of Commerce has initiated the posting of economic data on the Stellar (XLM) blockchain, a significant milestone in the history of the US government, according to the Stellar. This initiative involves the release of quarterly Gross Domestic Product (GDP) data…
Bitcoin remains under pressure after sliding from its all-time high above $124,000 earlier this month. At the time of writing, the asset trades at $110,219, reflecting a weekly decline of about 2% and a broader drop of more than 10% from its peak. Despite the correction, analysts continue to examine on-chain data for signs of the market’s next direction. Among the latest insights, CryptoQuant contributor CryptoOnchain highlighted the significance of the MVRV (Market Value to Realized Value) Price Bands, a long-observed metric used to assess market cycles. According to the…
On Aug. 29, bearish sentiment dominated cryptocurrency markets, with bitcoin plunging below $110,000 and other major altcoins experiencing losses of 2% to 8%. Crypto Market Plunges Bearish sentiment dominated early Aug. 29 as most cryptocurrencies recorded losses. bitcoin (BTC) plunged below $110,000 for the second time in three days, falling to $109,436 after peaking around […] Original