Bitcoin briefly fell to $76,700 after the latest inflation data before rebounding towards $78,000. According to QCP Capital, this “restrained” reaction is a sign that the markets have largely absorbed the prospect of a 25 basis point rate increase. The firm explained that BTC’s technical setup remains constructive at current levels, although conviction still depends … Read more
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
Solana was trading at nearly $102 on Tuesday, down more than 7% from its recent seven-month high of nearly $110. Recent price weakness has not stopped signs of stronger demand from building across the network. According to Ali Martinez, Solana has seen an average of 9.5 million new addresses per day over the past week, … Read more
Ripple’s cross-border token has seen one of the most impressive rallies over the past 10-12 days, rising from just under $1.00 to a multi-month high of $1.70. However, this major rally has been halted and momentum has faded, with the asset currently struggling to hold at $1.40, representing a 20% pullback from last Saturday’s high. … Read more