Crypto
Bitcoin Holds Tight Range Ahead of Crucial Jobs Report
Bitcoin is holding a tight range just below $65,000 as markets await the US July jobs report, due at 8:30 a.m. ET.
The jobs report carries significant weight for Federal Reserve rate-cut expectations ahead of the September meeting. A weak print could boost the odds of a rate cut, which is generally viewed as supportive for risk assets like Bitcoin, while a stronger number might dampen those expectations.
In other news, the Coldcard hardware wallet hack's confirmed losses have climbed to roughly $130 million, up from an earlier estimate of $100 million. This has sparked concerns about self-custody in the crypto space.