-
Bitcoin Reverses Off Fresh 2026 Lows
Bitcoin prices are higher today after the market reversed from Friday’s new YTD lows. BTC futures pierced below the $60,030 on Friday as the crypto sell off extended in response to a strong jump in Fed rate hike expectations. US jobs data on Friday came in well above forecasts with the headline NFP almost doubling from the prior reading, which was itself revised higher. With a much stronger jobs backdrop, pricing for a Fed rate hike this year jumped from around 50% to over 70% with USD rallying accordingly. Risk assets were seen recoiling in response to the shift with BTC plunging lower consequently. For now, ... (full story)