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Cryptocurrencies Respond to Economic Pressures with Intriguing Market Moves
Cryptocurrencies Respond to Economic Pressures with Intriguing Market Moves

In Brief Bitcoin's price plummeted significantly after the US market opened. Weaker employment report raised expectations for interest rate cuts. Ethereum showed significant growth in July, promising future market rises.

Cointurk·2025/08/02 01:15
Crypto Market Hit by $810M Liquidation in 24 Hours
Crypto Market Hit by $810M Liquidation in 24 Hours

Over $810M was liquidated from the crypto market in just 24 hours, shaking investor confidence amid extreme volatility.Massive Liquidation Rocks the Crypto MarketWhat Triggered the Liquidation Wave?Impact on the Market and What’s Next

Coinomedia·2025/08/02 01:05
Flash
  • 20:07
    All Three Major U.S. Stock Indexes Close Higher
    According to Jinse Finance, all three major U.S. stock indexes closed higher, with the Dow Jones up 1.34%, the Nasdaq up 1.95%, and the S&P 500 up 1.47%. Leading tech stocks saw broad gains, with Nvidia, Google, Meta, and Broadcom rising more than 3%, while Tesla and Microsoft gained over 2%.
  • 19:43
    Billionaire Adam Weitsman Acquires Over 5,000 Yuga Labs NFTs
    According to Jinse Finance, scrap metal processing entrepreneur and billionaire Adam Weitsman has announced the purchase of over 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas, and Weapon Kodas, to support the development of its metaverse project, Otherside. He stated, "I am making a long-term investment in Otherside and will continue to make a series of acquisitions on the open market this year." Despite the overall downturn in the NFT market, Yuga Labs has recently been forced to sell core brands, including Moonbirds and CryptoPunks. Weitsman said, "I see Yuga refocusing and prioritizing the development of Otherside. This project is crucial to the entire industry, and I will do everything I can to help it succeed."
  • 18:55
    Goldman Sachs Expects the Federal Reserve to Cut Interest Rates by 25 Basis Points Three Times in a Row Starting in September
    According to a report by Jinse Finance, Goldman Sachs expects the Federal Reserve to implement three consecutive 25-basis-point rate cuts starting in September. If the next report shows a further increase in the unemployment rate, a 50-basis-point rate cut is possible.
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