Amid ongoing market fluctuations, Bitcoin (BTC) has shed 2% of its gains in the last 24 hours. The current volatility likely prompted Matt Hougan, Bitwise’s Chief Investment Officer (CIO), to drop a bold opinion on what truly matters with the flagship cryptocurrency asset. Bitwise CIO on Bitcoin market cycles In a post on X, Hougan
The Fed’s decision to hold its benchmark interest rate steady for a fifth consecutive year was opposed by Board members Christopher Waller and Michelle Bowman. The two members argued that the interest rate should be cut by 25 basis points, highlighting the weakening labor market. In statements released today, Waller and Bowman stated that the
Benchmark analyst Mark Palmer reiterated his buy rating for Bitcoin giant Strategy, raising the firm’s price target for MSTR to $705, an 85% increase from its current share price. The new target hinges on a projection that Bitcoin will reach $225,000 by the end of 2026. After reporting $10 billion in net income in Q2—almost
The price of Bitcoin and other cryptocurrencies wavered on Friday as investors weighed the White House’s latest round of tariffs against fresh signs of a weakening U.S. labor market. Bitcoin was recently changing hands around $115,500, a 2.1% decrease over the past day, according to crypto data provider CoinGecko. Ethereum fell 3.8% to $3,630, while
US nonfarm payrolls rose by only 73,000 in July, the weakest increase since October 2023. The unemployment rate rose to 4.2 percent. Employment growth in the last three months has been limited to an average of only 35,000 jobs. The labor force participation rate also declined for the second consecutive month. Employment data based on
U.S. stocks shed gains on Friday, with renewed trade war jitters and weak jobs data spooking investors and sending the Dow Jones Industrial Average down 500 points. Summary Stocks fell as investors reacted to latest jobs data report. The Dow Jones Industrial Average dropped more than 500 points, while S&P 500 and Nasdaq slipped 1.2%
CodexField, a popular Web3 code and content asset platform, has partnered with SolanaPen ($SOLPEN), a renowned player in the Decentralized Physical Infrastructure Networks (DePINs) ecosystem developed on Solana. The partnership aims to bolser convergence between the content monetization as well as AI-driven DePIN infrastructure within the Solana network. As the platform disclosed in its announcement,
Bitcoin is showing clear signs of weakness, with increasing selling pressure driving the price lower. The asset has now approached a decisive multi-month support zone, with a confirmed breakdown triggering a sharp decline toward the $111K threshold. Technical Analysis By ShayanMarkets The Daily Chart After an extended period of sideways movement within the $116K to
The Hashgraph Group (THG) has launched a self-sovereign identity (SSI) platform called “IDTrust” to provide a blockchain-based digital identity solution for individuals and institutions. In an announcement sent exclusively to Cointelegraph, THG said the IDTrust platform is built on the Hedera network and will be powered by artificial intelligence. An SSI platform allows users to
In a major nod to its enterprise-grade security and compliance practices, digital asset wealth platform Nexo has officially completed its SOC 2 Type 2 and SOC 3 Type 2 audits for the third year in a row. — These independent audits, conducted by leading cybersecurity firm A-Lign, confirm that Nexo continues to meet the rigorous