Bitcoin Still in Death Cross as Jobs Miss Cuts Rate-Hike Odds
60-second summary
Bitcoin is still in a death cross, a bearish technical signal, as investors await a potential rate cut. A soft July payrolls print has reduced September rate-hike odds, giving risk assets a glimmer of hope, but Bitcoin's price remains in bear territory, with its 50-day moving average below the 200-day average, signaling ongoing market uncertainty.
A soft July payrolls print pulled September rate-hike odds down. It gives investors in risk assets hope, but Bitcoin remains in bear territory.