The Bitcoin (BTC) price tumbled under $54,000, its lowest level since early August, in wake of the release of the August US jobs report that appears to have exacerbated, not eased, fears that the US is tilting towards a recession, and that the Fed may be behind the curve in preventing it.
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Category: Bitcoin
Best Crypto to Buy Now September 6 – Sui, Helium, Dogs
While the latest US labor market report wasn’t that bad on the face of it, traditional financial markets and major cryptocurrencies appear to be pricing in rising recession risk, with crypto traders asking which might be the best crypto to buy now to shelter themselves from losses.
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Arthur Hayes Sees Bitcoin Drop Below $50K Over Weekend, Places Short Bet
Former BitMEX CEO Arthur Hayes predicted Bitcoin will fall below $50,000 this weekend, revealing he has taken a short position to profit from the decline.
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Bitcoin Price Forecast: Analyst Predicts $120K Breakout – Why Selling Now Could Be Risky
Crypto analysts predict a potential Bitcoin breakout to $120K, cautioning that selling now could lead to missing out on significant gains.
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U.S. Spot Bitcoin ETFs See $1 Billion in Net Outflows Over Seven Consecutive Trading Days
U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded net outflows exceeding $1 billion over a seven-day period from August 27 to September 5.
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Bitcoin Price Falls to $56K as ETFs See $287M Outflows Amid Rising Market Selling Pressure
Bitcoin price drops to $56K as U.S.-listed Bitcoin ETFs witness $287 million in outflows, signaling reduced investor confidence and growing selling pressure.
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Top Crypto Performers Today September 5 – HNT, SATS, BSV
Major crypto prices are struggling amid elevated sell pressure following the release of mixed US economic data releases, with traders looking for quick gains instead turning to top crypto performers today in the altcoin markets.
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Over 600 Bitcoin ATMs Shut Down Amid Criminal Activity, US Takes Lead
Over 600 Bitcoin ATMs were shut down globally in the first two months of Q3 2024 amid a crackdown by authorities targeting the machines’ involvement in criminal activities like extortion and scams, with the United States leading the reduction by losing 411 ATMs in July and 258 in August according to Coin ATM Radar data.
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Top Crypto Gainers Today on DEXScreener – PEDRO, VGREEN, CROCO
On a bearish day in major cryptocurrency markets that saw the likes of Bitcoin (BTC) and Ethereum (ETH) fall back towards recent lows amid ongoing concerns that the US economy might be about to tilt into recession ahead of the release of key US jobs data for August, traders turned to on-chain DEX markets in their hunt for top crypto gainers today that might be able to deliver fast gains.
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Top Crypto Gainers Today on DEXScreener – FARM, VISTA, NEIRO
As major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continue to trade with a bearish bias during Wednesday Asia Pacific trade, traders are turning to the on-chain DEX markets in their hunt for top crypto gainers today that might be able to deliver quick gains.
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