The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, strengthening the case for Federal Reserve rate hikes this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin remained under pressure following the report, trading below $62,000 as the broader crypto market
The US non-farm payrolls data, eagerly awaited by the cryptocurrency market, has been released. According to the released data, non-farm employment in the US reached 172,000. Market expectations were for the figure to be around 85,000. The previous figure was recorded as 115,000. The unemployment rate in the US was announced as 4.3%. The expectation
The recent sharp drop in Bitcoin has brought the $60,000 level back to the forefront of market attention. As the $BTC price approaches this critical zone, investors are now closely monitoring not only the classic support and resistance levels but also the intense positioning in the derivatives market. According to market experts, the $60,000 level
In recent weeks, bitcoin sentiment has been most bullish when the price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 through June 4. Peak bullishness hit on May 22, with bitcoin near its high of $78,000 for the period. The most bearish came June 3,
The cryptocurrency market started the last trading day of the week with a sell-off. The sharp pullback in Bitcoin negatively impacted Ethereum and the altcoin market in general. The Bitcoin price fell to levels as low as $61,000 during the week, testing its weakest levels in recent months. Outflows from US spot Bitcoin ETFs, liquidations
Bitcoin slipped below $62,000 on Friday, briefly approaching the $61,000 level as weakening demand and rising selling pressure from short-term holders weighed on sentiment. The move comes amid a broader risk-off environment across global markets. The momentum indicators remain bearish, suggesting further selloff in the near term. Bitcoin demand continues to decline Bitcoin is down
Market sentiment is grim as bitcoin price today falls to $62,828 amid extreme fear, signaling a highly uncertain outlook. The Fear & Greed Index sunk to 12, a level suggesting capitulation events that sometimes mark market bottoms but often trap sellers. BTC/USDT — daily chart with candlesticks, EMA20/EMA50 and volume. The Daily Picture: A Market
America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by the
The Hong Kong Monetary Authority (HKMA) has officially launched a dedicated task force to accelerate the development of bond tokenization in the region. The initiative brings together a broad spectrum of industry participants, including financial institutions, legal advisory firms, industry associations, and providers of financial infrastructure and technology. Building on Prior Work in Digital Bond
The sharp declines in the cryptocurrency market in recent days have brought Bitcoin’s critical support levels back into focus. Axel Adler Jr., an analyst at the on-chain data platform CryptoQuant, noted in his assessment of Bitcoin’s current outlook that selling pressure is steadily increasing. According to the analyst, Bitcoin is currently approaching the lows seen