The U.S. jobs data from the Bureau of Labor Statistics is out for January, and the figures positively impact Bitcoin (BTC). The data show that NonFarm Payrolls (NFP) recorded a surge of 143,000 in January.
In a latest development, Bitcoin (BTC) ended a three-day decline after U.S. job growth for January fell short of expectations. Notably, the cryptocurrency rose above $100,000 for the first time since Feb.
The Bitcoin price suddenly regained a major six-figure valuation with the $100,000 mark last seen on Tuesday, fresh from the massive liquidation that caused at least $8 billion in losses for traders.
Bitget Exchange CEO Gracy Chen has highlighted key developments in the Czech Republic's approach to Bitcoin.
Despite recent price volatility and market uncertainties, a renowned bitcoin specialist has offered an extremely positive assessment on Bitcoin and the other cryptocurrencies. Michaël van de Poppe, the creator of MN Consultancy, believes we're witnessing the dawn of a historic bull market that could push Bitcoin's value to previously unimaginable heights.
On-chain data shows the Bitcoin Difficulty is set to increase by around 4% in the coming adjustment, as a result of the increase in the Hashrate. Bitcoin Mining Difficulty Will Jump On Sunday According to data from CoinWarz, the BTC network is set to increase the Difficulty in the next adjustment.
Prominent on-chain data agency Glassnode has published a tweet, revealing that since mid-December last year, retail investors have started accumulating Bitcoin much faster than before. This coincided with notable price surges of the world's flagship cryptocurrency during the last month of 2024.
Bitcoin decides that bad news is good news as a mixed US employment outlook sends BTC price action back to six figures.
While traditional end-of-reign predictions for Bitcoin were still circulating, the queen of cryptocurrencies responded with a stunning performance: a 125% explosion in options volumes in just one month. Behind this shocking figure, revealed by CCData, lies a deeper reality.
Experts are divided on the potential impact of Trump Media and Technology Group‘s (NASDAQ:DJT) plan to launch a Bitcoin (CRYPTO: BTC) ETF. While some see it as a positive step towards mainstream adoption, others question its differentiation, potential political implications and level of institutional support.
Bitcoin (BTC), the largest cryptocurrency, continues to lag, failing to pique market interest. Since recovering from its drop on Monday, BTC has struggled to gain traction above $100,000.
Kentucky State Representative Theodore Joseph Roberts on February 6 introduced a groundbreaking bill, KY HB376, that would authorize the State Investment Commission to invest up to 10% of the state's excess reserves into digital assets, primarily Bitcoin. This move makes Kentucky the 16th US state to explore the potential of cryptocurrency in state financial strategies.
Bitcoin (BTC) has been consolidating for over two months, with technical indicators suggesting the cryptocurrency may soon test key resistance levels, potentially paving the way for a breakout.
Bitcoin (BTC) dived back into the red as momentum stalled around the $99,000 price level and fell to a low of $95,891 before recovering and moving to its current level. The flagship cryptocurrency is down almost 1% as it oscillates between $95,000 and $99,000, nearly 11% below its all-time high as it struggles to reclaim $100,000.
In a latest development, BlackRock has increased its stake in Michael Saylor's Strategy, reflecting its growing institutional interest in Bitcoin. In a Schedule 13G filing, it revealed that it now holds 5% of Strategy (MSTR), or about 11.2 million shares. This is a 0.91% increase from its previous 4.
The man moved the funds across several crypto exchanges in an attempt to keep them beyond the government's reach.
BlackRock has raised its stake in Strategy (formerly MicroStrategy) to 5%, according to a Feb. 6 filing with the U.S. Securities and Exchange Commission. The firm now holds approximately 11.2 million shares, up from 4.09% in September 2024.
Non-farm payrolls for January came in at +143,000 vs the expected +170,000, sending the dollar index into a typical yoyo.
TL;DR Over $3.12 billion in Bitcoin and Ethereum options expire today, which could influence market volatility. Market sentiment remains mixed: Bitcoin's put-to-call ratio is 0.57, reflecting some bullish optimism, while Ethereum shows a ratio of 0.45. Macroeconomic factors, such as Trump's tariffs and U.S. employment data, could determine the market's short-term direction.
ARK Invest has projected Bitcoin (CRYPTO: BTC) could reach $1.5 million by 2030 under its most optimistic scenario, with a base case of $710,000 and a bear case of $300,000. Alongside Bitcoin's growth, the firm also highlighted the rapid rise of stablecoins and other digital assets as key drivers shaping the future of financial markets.
Trump Media & Technology Group (TMTG) is expanding into financial services with its Truth.Fi investment products that include ETFs and SMAs.
The European Central Bank (ECB) may reconsider its relationship with any European national bank that adds Bitcoin to its reserves, according to ECB board member Piero Cipollone. In a Feb.
However, there is another metric that is giving an opposite signal, in addition to the fact that the drop in on-chain activity is not due to BTC.
Bitcoin's Exchange Reserves drop, indicating accumulation while facing resistance that could decide its next move.
As Bitcoin (BTC) continues to trade within a tight range of $96,000 to $102,000, analysts are eyeing a potential bullish catalyst in the weakening US dollar (USD). A further decline in the USD could trigger renewed bullish momentum for risk-on assets, including BTC.
A Single Metric to Rule Them All – The Bitcoin Everything Indicator combines multiple key metrics into one comprehensive tool for better investment decisions.
Glassnode data indicated that Bitcoin's dominance increased after the FTX collapse in 2022. The analytics firm highlighted that more investors chose Bitcoin as an investment tool over other digital assets.
The company filed for six trademarks under its Truft.Fi umbrella. One of the filings is for a Bitcoin investment vehicle.
The stock could be eligible for S&P 500 index inclusion once it adopts updated FASB accounting standards, the report said.
The latest US Job data showed that the nonfarm payrolls increased by 143K in January, down from the Wall Street expectations. Simultaneously, the report also showed that the unemployment rate came in at 4% in the starting month of the year, down from 4.1% in the prior month.
Firoz Patel, Payza's founder, received 41 more months in prison for concealing 450 BTC (over $43 million) from authorities after his 2020 money laundering conviction14. He tried using Binance and Blockchain.com to hide the funds. The post Canadian Who Hid 450 BTC from U.S. Feds Sentenced to 41 Months in Prison appeared first on Cryptonews.
Bitcoin ETFs experienced a net outflow of $140 million with the majority of the outflow coming from Fidelity's FBTC. In contrast, ether ETFs achieved their sixth consecutive day of inflows, adding $10.65 million. Ether ETFs Extend Inflow Dominance With Sixth Day of Consecutive Inflows On Thursday, Feb.
Franklin Templeton has updated their filing for an ethereum and bitcoin ETF to give the ticker of EZPZ in the final steps before listing.
BlackRock's total stake in Strategy now stands at 11.26 million shares, worth over $3.67 billion at current prices.
Binance CEO Richard Teng emphasized the role of institutional investors and evolving regulations in making crypto an essential part of the financial system.
Economist Henrik Zeberg believes current market conditions are ripe for a major Bitcoin (BTC) breakout. Zeberg tells his 173,900 followers on the social media platform X that market sentiment has gotten so low that it may indicate the bottom for Bitcoin and other digital assets is close. “BTC reached ATH (all-time high) on January 20th.
Crypto and wider market sentiment remains fragile ahead of the U.S. jobs report, QCP Capital analysts said.
The cryptocurrency market is at a crucial juncture as Bitcoin (BTC), Ethereum (ETH), and XRP navigate choppy waters following the latest macroeconomic data. The US Non-Farm Payrolls (NFP) report has fueled uncertainty, with investors watching closely for the next move.
Bitcoin has seen a surge in large-scale accumulation as 135 new wallets, each holding 100 or more BTC, emerged on the blockchain. This rise in large holders comes at a time when many smaller investors are pulling back from the market, a trend observed during recent Bitcoin price volatility.
A Canadian businessman has received a 41-month sentence in a U.S. federal prison for obstruction. Businessman's Account Blocked by Binance A Canadian businessman will serve 41 months in U.S. federal prison after pleading guilty to one count of obstruction of an official proceeding. The sentence was jointly announced by U.S. Attorney Edward R. Martin Jr.
Utah's Bitcoin reserve bill is headed to the Senate for passage. Arizona and New Mexico are also promoting similar Bitcoin reserve bills.
Outflows of Bitcoin (BTC) from exchanges reached the highest daily levels since April 2024, as whales continued to accumulate despite the dip under $100,000.
Donald Trump's media company Trump Media and Technology Group (TMTG) is launching a bitcoin exchange-traded funds (ETF)—as Trump's son Eric issues a bullish bitcoin price prediction
Standard Chartered has backed a bullish Bitcoin (BTC) price surge as long-term macro factors in the United States favor the market. The bank's researchers project a $500K price target during Donald Trump's second term in the White House.
Bitcoin has just experienced an unexpected hiccup: its mining difficulty has decreased for the first time in four months. A fragile breath in an ecosystem accustomed to constant escalation.
Many traders are wondering whether the bull run has already reached its peak. However, Michaël van de Poppe, founder of MN Consultancy, has a much more optimistic outlook.
Strong job growth can lead to fears of inflation and increased interest rates, while weak data might signal an economic slowdown.