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Alsobrooks says the Clarity Act must have an ethics agreement before the Senate vote

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Latest developments: Late. Angela Alsobrooks said she will not support the Clarity Act on the Senate floor unless negotiators reach an agreement on ethics provisions and other outstanding issues. Alsobrooks said ethical concerns remain a major issue, along with illegal funding provisions and work still needed in the Agriculture Committee. She characterized her committee vote […]

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US job growth beats forecasts and sets the stage for Fed rate hikes

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The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, bolstering the case for rate hikes by the Federal Reserve this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin BTC$62,300.09 remained under pressure after the report, trading below $62,000 as the

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bitcoin below $62,000 ahead of jobs data as Zcash failure shakes crypto

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Bitcoin (BTC) has mostly given up on yesterday’s modest bounce, returning to $61,900 during the US morning hours, down 0.8% over the past 24 hours. In a few minutes, the US Nonfarm Payroll Report for May will be out. While the interest rate outlook has taken a backseat to other concerns amid this week’s cryptocurrency

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BTC sentiment hit peak bearishness at recent lows, peak bullishness near top: Crypto Daily

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In recent weeks, bitcoin BTC$62,300.09 Sentiment has been most bullish when price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 to June 4. Peak bullishness hit on May 22 with bitcoin close to the all-time high of $78,000. The most bearish came on June 3rd

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Crypto’s worst week since July 2024 deepens as BTC, ETH prices near critical support levels

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The crypto market is teetering on the brink of a major price crash after suffering one of its worst weeks since July 2024. Bitcoin BTC$61,875.23currently trading around $62,500, has lost more 14.5% since midnight UTC Monday morning, while ether (ETH) is down more than 17% and fell 5.5% on Friday alone. Ether, the second-largest cryptocurrency,

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JPMorgan, Bank of America and Citi go on the blockchain offensive with a joint tokenized network

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America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a common, tokenized deposit network by the first half of 2027 to protect their deposits from the threat of stablecoins, the Wall Street Journal reported. The system will be operated by The Clearing House, the payments company collectively owned by the banks.

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