Shutdown Jobs Data Finally Released, and It’s Not Pretty

The grim unemployment numbers had little impact on bitcoin, which was already in the doldrums, but stocks were sent tumbling. Shutdown Jobs Report: The Official Numbers Are In, and They’re Ugly When economists submitted their predictions of unemployment for the past two months, they expected bad news, and on Tuesday, jobs data published by the … Read more

Saylor Buys Nearly $1B Worth of Bitcoin, Then It Plunges 4%

Many expected Strategy’s mega purchase to put the wind in bitcoin’s sails; instead, the asset tumbled to $85K. Michael Saylor’s Near-Billion Bitcoin Purchase Precedes Sharp Drop Michael Saylor is a man of conviction. At a time when pessimism seems to have permeated every corner of the crypto ecosystem, the 60-year-old billionaire chairman of bitcoin treasury … Read more

The AI Bubble Isn’t Just Affecting Bitcoin, Even Stocks Are Floundering

Fears of a bubble that may soon burst seem to have transcended ecosystems, pouring cold water on what might have otherwise been a year-end rally. The AI Bubble’s Wider Fallout: Stocks Join Bitcoin in Decline Nowadays, when the stock market sneezes, bitcoin catches a cold. That idiom partly explains the puzzling price action BTC has … Read more

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

You have not selected any currencies to display