Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets
Bitcoin price action does not warm to nonfarm payrolls numbers as analysts predict the Fed continuing to hike interest rates in May.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin price action does not warm to nonfarm payrolls numbers as analysts predict the Fed continuing to hike interest rates in May.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Terawulf inks $19B AI lease, Strategy shifts $65M from Bitcoin to AI data center
The shift from Bitcoin to AI investments may redefine asset strategies, impacting Bitcoin's role as a hedge and altering market dy...
Bitcoin’s $64K rebound has 3 days before its next big challenge threatens to derail momentum
Bitcoin traded near $64,100 on Saturday as the clock ticked toward a key test for its rebound. June's US consumer price index is d...
From Asia’s MicroStrategy to Full Exit: Meitu’s $100M Crypto Gamble Ends in 80% Profit
Hong Kong's Meitu sold all Bitcoin and Ethereum holdings for an 80% profit, ending its run as Asia's MicroStrategy. Full analysis...
Saylor’s Bitcoin Chart Returns After Strategy Sold BTC, but He Says Orange Dots Tell Only Part of the Story
Michael Saylor posted his signature orange-dot bitcoin chart after Strategy sold 3,588 BTC for $216 million, reigniting a familiar...
Meta launches aggressive AI pricing strategy to lure developers from OpenAI and Anthropic
Meta's pricing strategy could intensify competition, potentially lowering AI development costs and influencing market dynamics and...
Tech layoffs hit 5-year high as AI accelerates job losses, and crypto isn’t immune
AI-driven job cuts highlight a shift towards automation, raising concerns about workforce stability and the true nature of corpora...