Coins

Bitcoin Steady as Traders Look to Friday’s Upcoming Jobs Data

In brief Bitcoin was flat over 24 hours, clawing back earlier losses to trade at $111,100, CoinGecko data shows. Goldman Sachs expects August payrolls to show 60,000 jobs added versus 75,000 forecast, with unemployment rising to 4.3%. Markets largely expect a 25-basis-point Fed cut on Sept. 17, though wage and unemployment surprises could sway the…

Coins

Bitcoin ETFs See Biggest Inflows Since Early August, Analysts Urge Caution

In brief Bitcoin ETFs recorded two consecutive days of inflows exceeding $300 million, totaling $633.3 million across both sessions, the strongest two-day performance since early August. Fidelity’s FBTC led Tuesday with $132.7 million in inflows, while BlackRock’s IBIT dominated Wednesday with $289.8 million in inflows. Analysts characterized the movement as “concentrated dip-buying” rather than a…

Markets

California’s $500 Billion Pension Fund Split Over Bitcoin Exposure

In brief CalPERS candidates were split on crypto investments, ranging from outright rejection to cautious consideration. The fund holds 410,596 MicroStrategy shares valued at $165.9 million, creating substantial indirect Bitcoin exposure. One challenger wouldn’t “close the door entirely” on crypto, while another called blockchain technology “promising” California state pension fund CalPERS recorded mixed reactions from…

Markets

Key Economic Events to Watch This Week for Bitcoin

In brief Bitcoin ended the month with a 6.47% loss, despite reaching a record high of $124,545.60. Experts are closely watching jobless claims, U.S. productivity, and the August jobs report that could influence the Fed’s September rate cut decision. A weak jobs report could counterintuitively be a positive catalyst for Bitcoin, according to experts who…