Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
Economics News
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The bearish setup positions Ethereum price to extend the decline toward $2,000.
34282The pattern's neckline support near $1,984 emerges as Ether's downside target.
38084Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year.
11587Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve's taper outlook based on non-farm payroll numbers.
14905BTC price inched toward 2020's support with traders expecting more gains if a breakout occurs.
18410Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday.
7081Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender and questioned how Bitcoin would function in day-to-day transactions.
20828Critics of the digital currency have visions of the future every bit as silly as maximalist's.
44078A currency that gains value through abundance, not scarcity? That's the object of a $3.3 million EU research project which doubled the value of an associated token overnight.
27884“For all the reasons it’s a strong developing asset class, it may fail,” said the former Goldman Sachs president.
4825Binance CEO shed some light on how to judge the success of a project's token economics.
4505Anthony Pompliano said recent unemployment has surged faster than the U.S. saw during the Great Depression, but what does that mean for crypto?
5902The CEO of Kingdom Trust, a Bitcoin-friendly custodian managing more than $13 billion in assets, believes Bitcoin comprises a digital realization of Austrian economics.
4235The COVID-19 pandemic has revealed Bitcoin’s most important value, and it’s not the price — but its decentralized nature.
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