The Federal Reserve has cut interest rates by 0.25% amid signs of economic softening and political pressure. Bitcoin and major cryptocurrencies showed minimal immediate reaction to the widely anticipated decision. The move comes as revised jobs data revealed nearly 1 million fewer positions created than initially reported.
about Fed Cuts Rates 0.25%: Bitcoin Holds Steady Amid Economic UncertaintyNoelle Acheson
0 posts last weekEthereum ETFs Hit Record $726M Inflows Amid Price Surge
Ethereum exchange-traded funds (ETFs) recorded a historic $726 million in net inflows on Wednesday, the highest since their launch nearly a year ago. This milestone comes as Ethereum’s price surged to levels not seen since January, driven by institutional investments and growing optimism around the GENIUS Act’s potential impact on stablecoin adoption. Over nine consecutive days, the ETFs attracted $2.3 billion, while ETH itself gained 23% in a week. Major players like BitMine Immersion and SharpLink Gaming have significantly expanded their Ethereum holdings, with the latter adding $225 million worth of ETH. Analysts highlight Ethereum’s growing dominance in stablecoin transactions as a key factor behind the bullish momentum.
about Ethereum ETFs Hit Record $726M Inflows Amid Price SurgeBitcoin Flat After Strong Jobs Data, Altcoins Drop
Bitcoin showed little movement after the May jobs report revealed 139,000 new jobs, surpassing the 125,000 forecast. However, Bitcoin still dropped 1.5% to $103,919 over 24 hours, while altcoins like Ethereum (-5.5%) and Dogecoin (-6.4%) faced steeper declines. Market pressures stem from economic uncertainties, rising trade tensions, and political disputes between Trump and Musk. The jobs data indicated economic stabilization, but crypto markets remain volatile, with Bitcoin down 5.4% over two weeks. Analysts note slowing economic indicators but stop short of crisis levels, anticipating further market reactions to macroeconomic data.
about Bitcoin Flat After Strong Jobs Data, Altcoins DropBitcoin Surges Amid Tariff Negotiations and Economic Growth Concerns
Bitcoin surged past $90,000 amid optimism that President Trump may reduce tariffs on Canada and Mexico, which could ease economic pressures and encourage interest rate cuts. The anticipated announcement of a U.S. crypto strategic reserve, with Bitcoin receiving special status, is set for Friday. Despite recent gains, analysts remain cautious about the potential impact of trade tensions on the U.S. economy, which is showing signs of slowing down.
about Bitcoin Surges Amid Tariff Negotiations and Economic Growth ConcernsBitcoin ETFs Experience Record Outflows Amid Market Uncertainty and Declining Prices
Bitcoin exchange-traded funds (ETFs) have experienced over $2.4 billion in outflows this week, with a significant $1.1 billion on Tuesday alone, as investors react to economic uncertainties and a major hack of the Bybit exchange. Bitcoin’s price has dropped to levels not seen since November 2024, while Ethereum has also seen substantial declines. Despite the downturn, analysts suggest that lower prices may attract new investors, and upcoming regulatory moves could lead to more ETF issuances, potentially revitalizing interest in crypto markets.
about Bitcoin ETFs Experience Record Outflows Amid Market Uncertainty and Declining Prices