Crypto bulls on firmer footing as U.S. rate-hike risk recedes
Crypto ended the week in a more buoyant state after weak U.S. jobs data reduced the chances of a Fed interest-rate increase and Uniswap gained on a link-up with Robinhood.
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Crypto Markets Today
Crypto ended the week in a more buoyant state after weak U.S. jobs data reduced the chances of a Fed interest-rate increase and Uniswap gained on a link-up with Robinhood.
BTC touched its lowest level since September 2024 before rebounding to $59,770, while ETH slipped further and another $1 billion in futures positions were wiped out.
Concerns about STRC, the dividend-paying preferred stock from Strategy continue to dominate market sentiment.
While the Federal Reserve held interest rates, Chair Kevin Warsh made it clear the U.S. central bank is more worried about inflation than growth.
BTC dropped to its lowest since April 13 and ETH broke below $2,000 as U.S. airstrikes stoked inflation concerns, wiping out nearly $900 million in leveraged longs.
Bitcoin holds between $76,000 and $78,000 while AI tokens and HYPE surge; derivatives signal calm conditions with volatility selling dominating options markets.
While some experts point to $90,000 as the next explosive level, others caution that this new “early bull” signal isn’t a guaranteed crystal ball.
Bitcoin holds a tight range as altcoins rally on low liquidity, but derivatives data and options skew suggest traders are bracing for downside.
Bitcoin fell below $67,000 and ether dropped toward $2,000 as equities weakened, oil topped $100 and leveraged longs unwound, signaling fragile sentiment.
Almost $250 million worth of derivatives positions were liquidated in the past 24 hours despite a relative lack of volatility.