Bitcoin Reverses Post-US Jobs Data Upside as SEC Chair Gensler Lambasts Crypto Indsutry – Where Next for BTC Price?
Bitcoin saw a small pop this morning on weaker-than-expected weekly initial jobless claims, rising from under $26,500 to at one point above $26,800. Claims jumped to 261,000 last week, up from 233,000 a week earlier, mar...
Claims jumped to 261,000 last week, up from 233,000 a week earlier, marking the second-highest reading of the year.
While 261,000 initial claims in one week isn’t a disastrous number, it is another sign that momentum in the US labor market, which has been strong up until this point, is starting to wane....
Read More: Bitcoin Reverses Post-US Jobs Data Upside as SEC Chair Gensler Lambasts Crypto Indsutry – Where Next for BTC Price?
Original source
Read on CryptonewsRelated market context
THE THIRD RUSH: Where is the “Bitcoin” of the Ai Goldrush?
After months of deep thinking & a lot of discussions with some very smart people, I’ve decided to write an article for the first t...
Former SEC Chair Gensler rejects CFTC claim of authority over prediction market sports betting
Gary Gensler is calling malarkey the claim that the CFTC has jurisdiction over prediction markets, specifically sports bets.
Bitcoin price challenges $64,000 weekend wall – needing a breakout or risk a deeper correction
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipp...
Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules
Gary Gensler, the former chair of both the CFTC and the SEC, filed an amicus brief Thursday with the Sixth Circuit Court of Appeal...
Bitcoin Price Prediction: JPMorgan Fuds BTC as Debasement Trade Retreat Accelerates
JPMorgan is calling it. The debasement trade, or the macro thesis that drove billions into Bitcoin price and gold, is unwinding, a...
Michael Saylor’s Pivot, Blackrock’s New ETP, and More – Week In Review
This week’s crypto conversation touched treasury strategy, regulation, market psychology, product innovation, and security. Michae...