Search results for Sygnum Bank
Crypto
Bitcoin gives back $80,000 in a day on surprise strength in U.S. August jobs data
Bitcoin fell back below $80,000 a day after reclaiming the level, with broader crypto prices also lower. The move followed U.S. August jobs data released on Sept. 4 local time showing nonfarm payrolls rose 162,000, well above a Reuters consensus of 56,000, while unemployment held at 4.1 percent. Rate-hike odds for the Sept. 15-16 FOMC meeting rose and the dollar strengthened as yields climbed.
Crypto
Bitcoin\'s $80,000 rebound backed by $2.23 billion inflows, not short squeeze
Bitcoin’s rebound was supported by cash inflows of more than $2 billion rather than speculative leverage, according to the article. U.S.-listed spot bitcoin ETFs absorbed $2.23 billion during the recent surge without a single day of net outflows. Despite a spike in short liquidations, futures open interest fell and funding rates stayed near neutral. Analysts highlighted liquidity channels and rising stablecoin supply, while identifying $81,000 to $86,000 as the next key range.
Crypto
Ethereum bull Arthur Hayes cuts losses on 2,364 ETH
Arthur Hayes sold 2,364.38 ether for 4.3 million USDC, locking in a loss of about $241,000, as the broader crypto market weakened. On-chain data showed he moved ether to Cumberland and Galaxy Digital over about two hours at an average sale price of $1,821. The sale followed purchases of 7,213 ether in mid-July. Hayes has recently shifted to a more defensive stance, citing the need to protect crypto assets.
