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Protocol Village is CoinDesk’s living column chronicling blockchain tech project updates (CoinDesk)
Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday’s key jobs data report.
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.
The approval of the bitcoin and Ethereum ETFs could represent a similar change in market to what central banks caused in gold markets post-2022 – a new factor that, at least temporarily, overwhelms traditional narratives, including the “store of value” concept.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 5, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto weakness may be a red flag for traditional risk assets, one analyst said.
switzerland-swiss-flag-bitcoin (Shutterstock)
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 4, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The August reading of the Institute for Supply Management’s manufacturing index slumped for a fifth straight month with a rebound from July but remaining below the 50 threshold.
Over the last six months, Bitcoin (BTC) has been trading in a range that is getting progressively tighter. During this … Continue reading
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