The U.S. labor market showed weakness for the second consecutive month in July, possibly giving the Federal Reserve room to hold rates in place despite high inflation. According to the government’s Nonfarm Payrolls Report released […]
Bitcoin hovered near $64,830 on Thursday, up 0.8% over 24 hours and 1.3% on the week, while trading inside a narrow band, CoinDesk data show. Ether rose 2.1%, but most other majors barely moved, leaving […]
Arthur Hayes thinks everyone has the AI trade filed under the wrong category. In a new essay, the co-founder of crypto exchange BitMEX and crypto fund Maelstrom said the ongoing infrastructure buildout is a credit […]
Bitcoin was little-changed the past 24 hours after Washington and Tokyo intervened together to support the yen, a rare move that revived concerns about the cheap Japanese funding behind leveraged bets across global markets. Japan […]
The market that dragged bitcoin off $65,000 this week didn’t sell it hard. It just stopped showing up. Bitcoin closed the week near $62,600 after failing to reclaim $65,000, and Yusuf Fakhro, a partner at […]
Bitcoin traded near $63,900 on Friday, roughly flat, as the Bank of Japan left its benchmark rate at 1% and Governor Kazuo Ueda’s attempt to sound hawkish landed softly with markets. The yen gave back […]
Former bitcoin miners turned AI data center players like IREN (IREN), Hut 8 (HUT), Cipher Mining (CIFR), and Keel Infrastructure (KEEL) suffered crushing declines this week alongside the continued reversal in the AI momentum trade. […]
Bitcoin traded above $64,000 on Wednesday, up 1% on the day, with the broader market green ahead of the Federal Reserve’s rate decision at 2 p.m. ET, per CoinDesk data. Ether added 1.7% to $1,909 […]
While the chipmakers continue their tumble, the DJIA is actually higher by more than 1%, led by Coca-Cola, Walmart, and Home Depot. Source link
Bitcoin is likely to stay range-bound, said Jeff Ko, chief analyst at CoinEx, and he points to three reasons the backdrop has calmed. Oil has retreated from last week’s highs after another pause in U.S.-Iran […]
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