Bitcoin Holds at $64,300 as Markets Await US Jobs Report

·1 views

Bitcoin remained largely unchanged around $64,300 as traders awaited the release of the US non-farm payrolls report, a key economic indicator. Brent crude oil prices climbed following a stall in negotiations over the Strait of Hormuz, reigniting inflation concerns. Rising oil prices have weighed on Bitcoin throughout the summer by fueling fears of prolonged higher interest rates. The jobs report is now seen as the next major catalyst that could influence Bitcoin's price direction.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Ethereum's weETH token separates staking from restaking amid rewards debate

The Ethereum liquid staking token weETH has been restructured to distinguish standard ETH staking from the higher-risk practice of restaking. This separation comes as a heated debate unfolds within the Ethereum community over a new proposal to cap validator rewards. The proposal has drawn sharp divisions across the staking sector, with stakeholders disagreeing on its potential impact. The split is seen as a response to growing concerns about risk differentiation in Ethereum's evolving staking ecosystem.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Whales Accumulate $1.2B in BTC as Spot ETFs Draw $754M in a Week

Large Bitcoin holders, commonly referred to as whales, purchased approximately $1.2 billion worth of BTC in a single week. Simultaneously, spot Bitcoin exchange-traded funds attracted around $754 million in inflows during the same period. The dual surge in accumulation signals renewed institutional and high-net-worth investor confidence in Bitcoin. Together, these inflows reflect a notable uptick in demand from major market participants.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Dormant Bitcoin Wallet From 2011 Transfers $3.2M to FalconX-Linked Address

A Bitcoin wallet that had been inactive since 2011 recently moved 50 BTC, worth approximately $3.2 million, to an address linked to crypto prime broker FalconX. The funds were still sitting in the receiving address as of Friday, with no further movement recorded. The destination wallet has previously sent funds to FalconX-labeled deposit addresses, raising questions about the transfer's intent. Analysts are uncertain whether the long-dormant holdings are being reorganized internally or positioned closer to a trading venue for potential liquidation.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Eyes Potential Surge to $76,000 as Bullish Pattern Takes Shape

Bitcoin's price chart is reportedly forming a technical pattern that analysts consider a bullish signal. The setup, closely monitored by technical traders, suggests a possible rally toward the $76,000 level. However, the pattern has not yet been confirmed, leaving the outlook uncertain. A single key price level will be critical in determining whether the bullish scenario materializes or fails.

0 comments Read more at CoinDesk