Looking at the inflation readings, sound ISM non-manufacturing data and weekly jobless claims, gold rally is all about risk-on sentiments which are primarily the result of market participants’ notion of a pause in rate hike.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest