Bitcoin faces impending $45,000 sell-off catalyst as Powell, jobs report threaten fresh macro pressureBitcoin investors eye Federal Reserve and economic data for clues as market stress and opportunity converge.
Happy Monday!Bitcoin braces for turbulence as Fed Chair Powell and a pivotal jobs report loom over a potential $45,000 sell-off, Congress eyes stripping a key tax loophole from BTC in favor of regulated stablecoins, and escalating Iran war signals from Rubio threaten prolonged high oil prices, piling macro pressures on risk assets. Dive into the full stories below. The global crypto market cap is $2.33 trillion, with a 24-hour volume of $85.49 billion. The price of Bitcoin is $67,554.41, and BTC market dominance is 58.0%. The price of Ethereum is $2,066.65, and ETH market dominance is 10.7%. The best-performing sector is Rehypothecated, which gained 90%. The Crypto Fear & Greed Index is currently Extreme Fear (8). 📰 Top News
Bitcoin faces impending $45,000 sell-off catalyst as Powell, jobs report threaten fresh macro pressureBitcoin investors eye Federal Reserve and economic data for clues as market stress and opportunity converge. Congress proposes removal of widely used Bitcoin tax loophole and giving it to regulated stablecoinsThe new Digital Asset PARITY Act draft would extend wash-sale rules to digital assets while shielding certain regulated payment stablecoins from routine gain-or-loss recognition. Bitcoin drops as Rubio privately signals Iran war may last weeks, locking in high oil pricesRubio reportedly told G7 ministers privately that the war with Iran could continue another 2-4 weeks, a timeline that threatens to keep oil elevated and risk assets under pressure.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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