The cryptocurrency market remains stable despite weak jobs data that has increased expectations for interest rate cuts. Bitcoin is holding steady above $110,000, while Ethereum maintains its position above $4,250, even as ETF outflows persist.
With upcoming Consumer Price Index (CPI) data, implied volatilities on the front end have risen, indicating increased market uncertainty. Additionally, there is growing demand for September put options, suggesting traders are hedging against potential downside risks. In the absence of clear market catalysts, the crypto market may continue to consolidate.
Crypto Market Steady Despite Weak Jobs Data and ETF Outflows
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