Bitcoin News
By Dan Saada
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Bitcoin witnessed a sharp surge in buying activity this week as traders rushed to position themselves ahead of the U.S. jobs report.
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Net taker volume, a metric that tracks aggressive buy and sell orders on exchanges, shot past the $100 million mark, indicating traders were eager to buy into the momentum rather…
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The U.S. jobs data, released on July 3, surprised to the upside. The NFP report showed 147,000 jobs added to the economy—well above forecasts, which ranged between 110,000 and…
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Despite the stronger dollar backdrop, crypto markets responded with increased activity, particularly in Bitcoin.
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Crypto research strategist Matt Mena commented on this development, highlighting that Bitcoin dominance has fallen to 62%, a 3% decline in recent days.
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While Bitcoin showed strong price support and momentum, the macroeconomic environment introduced new complexities.
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In response to the jobs report, rate expectations were swiftly adjusted. The likelihood of the Federal Reserve holding interest rates steady at its July meeting jumped to 95%, up…
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Despite this, the broader setup for Bitcoin still appears constructive. Technical indicators suggest that the price is holding firm above key levels, and the surge in buy-side…
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Meanwhile, altcoins are also beginning to gain traction. The dip in Bitcoin dominance is often seen as a sign that traders are diversifying across the crypto spectrum, looking…
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As it stands, Bitcoin remains at a pivotal juncture. On one hand, institutional and retail traders are showing renewed interest.
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