Page 48 - Btcusd News Today

While crypto-native issues are hitting Bitcoin prices, inflation data due through the rest of the week also should be key for digital asset prices.

One analyst noted that a frenzy over a new "memecoin," and massive losses felt by some investors, could be bad for the largest digital asset.

Binance says transactions have resumed and denies there were large volumes of outflows from its platform.

The BTCUSD rally has stalled at the $30K level.

Just like stocks, cryptos are sensitive to macroeconomic data that could shape the future of Federal Reserve monetary policy. The jobs report is a key catalyst.

Smaller cryptocurrencies helped Coinbase deliver a first-quarter revenue beat in its core trading business. And theres a hot new name on the block.

Coinbase is expected to report a first-quarter loss of $1.98 a share on Thursday, but many analysts are more focused on the regulatory backdrop.

Mizuho hiked expectations for full-year earnings at broker Robinhood Markets.

The largest digital asset continues to stagnate below the key $30,000 level. Crypto traders are looking ahead to next weeks inflation data.

Crypto traders will be focused on hints from the Federal Reserve on the future of interest rates amid hopes that easier monetary policy will continue to buoy Bitcoin.