This week, crypto markets are closely watching key US economic indicators, as they significantly impact Bitcoin’s price direction. Currently trading around $95,000, Bitcoin’s movement will likely respond to reports on consumer confidence, jobless claims, GDP, and PCE inflation data. A drop in consumer confidence could indicate lower spending, while rising jobless claims might lead investors ...
Crypto markets faced a setback this week as Bitcoin dropped below the $100,000 mark, following unexpectedly strong U.S. economic data that dampened enthusiasm for digital assets. The Bureau of Labor Statistics reported a rise in job openings, while the ISM Services Purchasing Managers Index exceeded expectations, indicating robust economic activity. These reports also unsettled the ...
Montenegro has decided to extradite South Korean crypto entrepreneur Do Kwon to the United States, following complex legal proceedings. Kwon, known for his role in the collapse of Terraform Labs and the failure of its “stablecoin” TerraUSD, is accused of fraud that cost investors around $40 billion and shook the global crypto markets. He was ...
