The cryptocurrency market ended the week buoyantly as weak U.S. jobs data reduced Fed rate-hike chances, with Uniswap gaining from a Robinhood link-up.
The U.S. economy added only 57,000 jobs in June, a sharp slowdown that could temper market expectations for a Federal Reserve rate hike.
Bitcoin jumped more than 4% to trade above $61,000, reaching its strongest point in over a week, after Fed Chair Kevin Warsh indicated easing inflation risks.
Bitcoin surged past the **$60,000** mark for the first time in over a week after Fed Chair Kevin Warsh signaled reduced inflation risks, with Solana leading altcoins up **16%**.
Bitcoin's price surged towards $60,000 after Fed Chair Warsh indicated a decrease in inflation risks.
Bitcoin's recently established market support level is poised for a crucial test with the release of Thursday's U.S. core PCE inflation data.
Gold, silver, and Bitcoin are experiencing a significant downturn as markets price in Federal Reserve interest rate hikes, unwinding the 'debasement trade'.
Goldman Sachs has revised its year-end gold price target downwards, signaling reduced expectations for aggressive interest rate cuts and impacting market sentiment.
As the crypto market anticipates potential shifts, three key signals from the Federal Reserve could significantly influence Bitcoin's price trajectory.
Crypto markets are responding to a reported breakthrough between the U.S. and Iran, though broader geopolitical and economic factors remain key considerations.
Bitcoin and gold prices are declining as investors brace for potential interest rate hikes following upcoming US inflation data, unwinding recent market gains.