Bitcoin Pumps, Then Dumps Below $54K as Jobs Report Spurs Crypto Volatility
Bitcoin price (CoinDesk)
Markets
Crypto Market to Stay Highly Correlated to Stocks Amid Macro Events and Dwindling Network Activities, Citi Says
Digital assets are expected to stay highly correlated with equities amidst the upcoming macro calendar, the report said.
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
The U.S. released August jobs numbers Friday morning (Ernie Journeys/Unsplash)
First Mover Americas: BTC Treads Water Ahead of U.S. Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Market Lacks Major Near-Term Catalysts, JPMorgan Says
Total crypto market cap was $2.02 trillion at the end of August, a 24% decline from this year’s peak of $2.67 trillion in March, the report said.
Bitcoin’s 200-Day Average About to Lose Bullish Momentum; NFP Eyed
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
Weeks After Ether ETF Debut, ETH Market Liquidity Has Dropped by 20%
Order book liquidity refers to the market’s ability to absorb large buy and sell orders without influencing the spot price.
Aptos Leads Losses as Crypto Weakness Continues; Coinbase Shares Fall to 7-Month Lows
Cryptocurrencies continued their weak trading as recession fears weighed on risk assets ahead of Friday’s key jobs data report.
Bitcoin Flounders Ahead of Friday Jobs Report That Might Push Fed to Slash Rates by 50 Basis Points
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.
First Mover Americas: BTC Erases Gains From Wednesday’s Brief Rally
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.