Bitcoin Drops Below $62,000 Following Strong US Job Growth Report
Bitcoin declined after US non-farm payrolls surged well above expectations, signaling a robust labor market and fueling concerns over prolonged high interest rates.
Latest news
Crypto & Fintech
Defense & Security
EU Invests Millions in Ganja’s Waste Management and Street Lighting Upgrades
The European Union funds major projects in Ganja to improve waste collection systems and modernize street lighting with energy-saving technologies.
Trade & Tariffs
Electric Vehicles Now Represent One in Four New Car Sales Worldwide
Global electric vehicle sales have surged, with Norway leading at over 90% and China surpassing half of new car sales being electric.
Markets & Macro
Wall Street Declines as Tech Stocks Drop and Bond Yields Rise Following Strong Jobs Data
U.S. stocks retreated with major tech companies leading losses, while bond yields surged in response to robust May employment figures signaling less likelihood of Federal Reserve rate cuts this year.
AI & Tech Regulation
DOJ Launches Investigation into Arizona State University’s DEI Initiatives Amid Discrimination Concerns
The Department of Justice has opened an inquiry into Arizona State University’s diversity programs following allegations of race-based discrimination and efforts to conceal unlawful practices.
Crypto & Fintech
Bitcoin’s Recent Crash Cleansed Leverage but Demand Recovery Remains Uncertain
Bitcoin’s sharp drop triggered massive liquidations and reset key technical indicators, yet signs of strong buyer support have yet to emerge amid persistent selling pressure.
Crypto & Fintech
Bitcoin Recovers Above $62,000 After Mt. Gox Repayment Announcement Spurs Volatility
Bitcoin rebounded above $62,000 after briefly dropping below $61,000 following news of the Mt. Gox trustee’s plan to start repayments in July 2024, though market sentiment stays cautious.
Corporate Power
Secret Mode Expands Its Portfolio with Acquisition of Hit Co-op Game Chained Together
Secret Mode, backed by Emona Capital, has acquired the popular co-op platformer Chained Together, aiming to build on its success and pursue further growth through strategic acquisitions.
Crypto & Fintech
Bitcoin Miner Transfers to Binance Surge to Highest Level Since February
Bitcoin miners moved a record amount of BTC to Binance, signaling a shift in supply dynamics that could influence market liquidity and selling pressure.
Corporate Power
JPMorgan CEO Hosts High-Profile Event to Launch SpaceX’s Record IPO
JPMorgan CEO Jamie Dimon hosted a major investor event featuring Elon Musk as SpaceX prepares for its unprecedented $75 billion IPO with a $1.75 trillion valuation.