The number of Americans filing new applications for unemployment benefits fell slightly last week, offering further evidence that the U.S. labor market is stabilizing after a period of softness, though some underlying weakness remains. Initial claims for state unemployment benefits declined by 5,000 to a seasonally adjusted 227,000 in the …
Read More »Bitcoin Holds Near $67,000 as Strong U.S. Jobs Data Curtails Fed Cut Hopes
Bitcoin traded largely flat near the $67,000 mark during Asian hours on Thursday, as investors digested stronger-than-expected U.S. employment data that reduced expectations for near-term Federal Reserve interest rate cuts. The world’s largest cryptocurrency was last up 0.4% at $67,102.8, remaining capped below the key $70,000 level. Trading activity was …
Read More »Bitcoin Slips Below $67,000 as Markets Brace for U.S. Jobs Data and Fed Signals
Bitcoin fell below the $67,000 mark during Asian trading on Wednesday, retreating as investors turned cautious ahead of key U.S. employment data that could influence the Federal Reserve’s interest rate trajectory in the months ahead. The world’s largest cryptocurrency was last down 2.6% at $67,126.7 by 02:46 ET (07:46 GMT). …
Read More »Dollar Slides Ahead of Key Jobs Data as Yen Strength and Dovish Fed Bets Weigh
The U.S. dollar weakened on Wednesday, coming under renewed pressure ahead of the release of closely watched U.S. employment data that could shape expectations for Federal Reserve interest rate cuts later this year and into 2026. By 04:36 ET (09:36 GMT), the dollar index, which measures the greenback against a …
Read More »US Dollar Holds Steady as Markets Brace for Key Jobs Data
The US Dollar steadied near the 96.80 level on Wednesday, recovering some earlier losses as traders positioned themselves ahead of critical economic reports. Attention is squarely on the upcoming January Nonfarm Payrolls (NFP), scheduled for release later today, and the January Consumer Price Index (CPI) expected on Friday. These figures …
Read More »Bitcoin Slips Below $70,000 as Investors Await Key U.S. Jobs and Inflation Data
Bitcoin fell back below the $70,000 level during Asian trading on Tuesday, once again struggling to sustain recent gains as investors adopted a cautious stance ahead of crucial U.S. economic data releases. The world’s largest cryptocurrency was last trading 2.2% lower at $69,392.7 by 05:58 GMT, after failing to build …
Read More »Bitcoin Holds Above $70K as Risk Appetite Rises After Japan Election
Bitcoin edged slightly higher on Monday, trading at $70,584, up 0.43%, as investors navigated the volatile cryptocurrency landscape following last week’s sharp correction. The token remains well below its all-time high of $126,272, yet the market shows signs of stabilization after a dramatic dip near $60,000 last week.Market Rebound Amid …
Read More »Bitcoin Reclaims $70,000 as Risk Appetite Stabilizes Ahead of Key U.S. Data
Bitcoin traded comfortably above the $70,000 mark on Monday, consolidating gains after a sharp rebound late last week from lows near $60,000, as investors reassessed risk sentiment following heavy liquidations and shifted their focus to critical U.S. economic data due later this week. The world’s largest cryptocurrency was last up …
Read More »Weekly market wrap: rate decisions taken and important earnings into focus
Global financial markets have experienced sharp volatility in recent weeks, driven by a combination of intertwined factors. Chief among them are concerns over disruptions in artificial‑intelligence–related stocks, a surge in technology spending, and a noticeable decline in investor appetite for riskier, actively traded assets. These themes form the core of …
Read More »Bitcoin Bounces Back After Bithumb Glitch Shakes Crypto Markets
Bitcoin faced a sudden jolt last week when South Korea’s Bithumb exchange made a rare operational error. During a routine promotion, some users were mistakenly credited with thousands of Bitcoin instead of the small intended reward. The mistake caused panic selling, temporarily pushing Bitcoin’s price down sharply.Bithumb quickly confirmed that …
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