Digital Coin News

Bitcoin price buys time at $61K as US jobless claims hit 9-month highs

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Coin Coin Headlines News

Bitcoin fails to react to U.S. jobless claims as a BTC price breakout to $75,000 and higher remains a prediction.

This came on the back of the latest United States jobless claims that beat expectations to reach their highest levels in nine months at 231,000 versus 212,000 expecte.

“This makes sense in terms of a price level as it's the range low as well. Yet to be seen if price seeks the liquidity down there. Keep in mind these orders can be removed at any time.”on liquidity being taken both above and below spot price while BTC/USD stayed within a rigid trading range. “Markets are currently pricing in 2 Fed cuts this year, with the first cut only expected in Sep. - To make things worse, BTC spot ETF flows have flattened out again after strong inflows from last Friday and the recent Monday,” it wrote.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin traders set six-figure price targets after BTC reclaims $61KBitcoin’s market structure and on-chain data suggest that BTC price is facing stiff resistance around the $64,000 area.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin Dominance Increases as Halving Nears and BTC Price Lingers Near $61KBTC dominance is creeping upwards as Layer-1s and Artificial Intelligence tokens had a rough week, while Google search interest in the halving skyrockets.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin dips to $61K range, encourages buying spree among BTC fish, dolphins and sharksBitcoin (BTC) price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin reclaims $61K as whales snap up 47,000 BTC in one dayBitcoin (BTC) price is closing the week in the green after a significant climb on Friday, a turnout that is unsurprising to most considering the meme coin sector had hinted as much on Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Bitcoin and Ether options worth $2.4B set to expire today, max BTC pain at $61KThe Bitcoin options contract had a put-call ratio of 0.50 while the Ether options contract had a PCR of 0.37.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Disappointing Launch Day for Hong Kong’s Bitcoin, Ethereum ETFs as BTC Slumps Below $61KCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »