Regulation

Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000

CryptoSlate2h agoUpdated 2h ago
Bitcoin must clear $65,000 before Friday, or jobs data could turn $62,000 into a trapdoor to $60,000
Smart Read

Bitcoin and jobs data are on a collision course this week, with the price pinned between $62,200 and $65,000 after the first economic release worked against the bulls. The ISM Manufacturing PMI printed 55.6 on Aug. 3, beating the 54.0 consensus and rising from June's 53.3 to its highest reading since May 2022. New…

Coins in this story

Discussion

Related stories

CoinDesk

Why Jim Cramer’s quantum panic isn’t rattling bitcoin as price holds steady around $64,000

Jim Cramer says he's dumping his bitcoin over quantum computing fears, but his track record of crypto and bank calls has buoyed the crypto community.

CryptoSlate

Strategy sells $395 million in Bitcoin and MSTR stock to buyback $81 million in STRC and build cash reserve to $4 billion

Strategy's latest Bitcoin sale lifted its 2026 disposals to 5,258 BTC, the largest amount it has sold in any year since adopting the asset in 2020, as the company redirects capital toward supporting its preferred securities. The company sold 1,638 BTC for $104.7 million between July 27 and Aug. 2 and issued about 3.01…

CoinDesk

Live updates: Bitcoin at $63,600 as rare US-Japan yen action tests carry-trade fears

Japan may have spent as much as $36.6 billion buying yen in the first joint US-Japan action to support the currency since 1998. Bitget Wallet’s Alvin Kan says it can slow a disorderly slide without reversing the broader trend.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.