Cryptocurrencies News

Private payroll growth slows to 150,000 jobs in June, down from 157,000 in May, indicating a cooling labor market.

Ethereum price reclaimed the $3,400 level on June 29, as Bloomberg analysts highlight the possible launch date for ETH spot ETFs next week

Crypto’s political stance solidifies with Donald Trump emerging as the favored candidate, signaling a unified front against regulatory challenges in the US.

Core PCE eased from 2.8% in April to 2.6% in May, indicating progress in inflation control, but still above the Fed’s 2% target.

Q1 GDP growth slows to 1.4%, unemployment claims drop but insured unemployment rises, durable goods orders increase for fourth straight month.

The dip in consumer confidence, especially in future expectations, suggests a cautious outlook for the market.

It has been a week to forget for the crypto market, with BTC dropping below $64,000, but the launch of ETH-spot ETFs could change the mood.

Unemployment claims drop, suggesting a stronger labor market, but manufacturing and price challenges persist.

The global crypto market capitalization grew by $22 billion (+0.83%) on June 15, while Ethereum ETFs, MicroStrategy and Paradigm investment grabbed major bullish news headlines. 

The crypto market had a tumultuous week, with Fed jitters, SEC vs. Ripple court filings, and US BTC-spot ETF market outflows testing buyer demand.

While May’s flat CPI report offers some hope, the year-over-year picture remains concerning.

The PBOC’s pause in gold purchases and global trends suggest a significant shift by China into Bitcoin and cryptocurrencies may be on the horizon.

Coinbase rallied 8%, while XRP faced a weekly loss despite both battling the SEC in the Courts. Court rulings from both cases could impact the crypto market.

Steady job growth and wage increases indicate a robust U.S. labor market, supporting bullish sentiment despite slight revisions in previous months.

Investors are hoping the NFP report indicates a soft landing scenario, where job openings and hiring slow, but layoffs remain minimal.

Annual pay growth remained steady at a 5% rate for the third consecutive month, reflecting a deceleration in wage gains alongside job creation.

Investor sentiment toward the Fed rate path, US politics, and SEC vs. crypto case-related news influenced buyer demand for BTC and broader crypto market.

Stability in inflation and income growth suggests a steady economic environment, although slightly softer personal spending growth warrants attention.

The Fed’s Beige Book signals a bearish market outlook due to high interest rates and tight credit.

Former US President, Donald Trump has doubled down on his support for the cryptocurrency industry, emphasizing the importance of American dominance in the growing sector.