Layoffs Are Approaching 1.2 Million, the Worst Since the 2009 ‘Great Recession’

The data was provided by global outplacement firm Challenger, Gray & Christmas on Thursday, and may partly explain the recent bitcoin downturn. Layoffs Climb to a Grim Milestone: Nearly 1.2 Million…and Counting A Chicago-based outplacement firm quietly announced a rather dire metric that appears to have largely gone unnoticed: American employers have laid off nearly … Read more

Jobs Down, Bitcoin Up

The cryptocurrency almost crossed into $94K territory after a lackluster jobs report nudged up the odds of an interest rate cut by the Fed. Bitcoin Climbs on Weak Labor Data Private employers cut 32,000 jobs in November, according to human resources firm ADP in its latest jobs report, published Wednesday. But instead of sending markets … Read more

Irrational Pessimism: Have Bitcoin Investors Gone Mad?

The cryptocurrency has floundered since reaching an all-time high in early October, but it’s not exactly clear why. Are Traders Exhibiting Symptoms of Bitcoin Derangement Syndrome? In his book “Irrational Exuberance,” published in 2000, Nobel prize-winning economist Robert Shiller put the blame of market bubbles squarely on the shoulders of overzealous investors. Shiller went on … Read more

Is Bitcoin’s Price Being Manipulated?

The cryptocurrency tumbled 7% in less than 24 hours. Explanations for the drop remain murky, leading many to speculate that something fishy is going on. Unseen Hands: Are Whales Secretly Controlling Bitcoin’s Value? Six large exchanges showed outflows of nearly 40,000 BTC on the same day, according to a popular crypto trader who goes by … Read more

Here’s One Reason Why Bitcoin Might Rally After Thanksgiving

The cryptocurrency appears to have stabilized, and if everything falls into place at the right time, a holiday rally might be in order. The Catalyst That Could Push Bitcoin Higher Before the Holidays It went largely unnoticed, but on Wednesday, Treasury Secretary Scott Bessent wrapped up several important interviews with five candidates, all vying for … Read more

Here’s Why Bitcoin Is Rallying Just Before Thanksgiving

The digital asset broke $90,000 on Wednesday afternoon, mirroring stocks which also posted strong gains. Pre-Holiday Pump: What’s Driving Bitcoin’s Latest Rally? It used to be that cypherpunks and bearded libertarians were the typical bitcoin archetypes. But after the first cohort of bitcoin exchange-traded funds (ETFs) was approved last year, the new avatar might as … Read more