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Bitcoin falls below $79,000 ahead of US inflation data. Here’s what’s weighing on crypto
Bitcoin fell below $79,000 as strong US employment data revived expectations of tighter Federal Reserve policy. Rising oil prices and US-Iran tensions added inflation concerns ahead of US data, while institutional ETF inflows offered support despite weakening short-term momentum and cautious sentiment.
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thehindubusinessline.com
Bitcoin drops below $80,000 as US jobs data spurs Fed-hike bets
Bitcoin dropped as much as 3.5% after stronger-than-expected US jobs data revived bets on a September Federal Reserve rate hike, abruptly reversing the cryptocurrency’s latest…
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economictimes.indiatimes.com
Bitcoin near $80,000, Ethereum at $2,500 as crypto market absorbs U.S. rate expectations
Bitcoin traded near $80,000 while Ethereum held close to $2,500 on Monday as the crypto market absorbed shifting US rate hike expectations following strong labor data. Despite…
