The U.S. economy added nearly three times as many jobs as expected in August, triggering an immediate sell-off in risky assets like bitcoin as investors reassess the chances of another Federal Reserve rate hike. The price of the cryptocurrency had soared to over $81,000 before the news broke, but immediately fell by $2,000 to $79,200. … Read more
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BitMine Immersion Technologies added a major position in Ethereum to its balance sheet, but market reaction shows that investors are not automatically rewarding every corporate crypto cash move. The company disclosed the purchase of 42,197 ETH, valued at approximately $73 million, in an SEC filing on July 16. The acquisition expands BitMine’s Ethereum treasury strategy … Read more