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Ethereum is enjoying a rise in institutional interest with CME Futures open interest at an all-time high of $7.85 billion. Additionally, spot ETFs with ETH have recorded over $5 billion in net inflows in the last 16 days. Institutional Demand for Ethereum Soars Ethereum futures open interest on the CME has reached an all-time high
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The US job data by the Labor Department showed that the nonfarm payrolls increased by 177,000, down from 228,000 recorded in the prior month. However, it still comes in hotter than Wall Street expectations, putting pressure on investors’ hopes for riskier assets like Bitcoin and altcoins. Notably, the unemployment rate stayed steady at 4.2%, with the overall market now eying what the Fed’s move will be with their rate cut plans.
The latest Labor Department report showed that the US nonfarm payrolls came in at 177,000 in April, up from the market expectations of 133,000. However, it marks a sharp decline from the robust 228,000 figure recorded in March.
On the other hand, the unemployment rate remained unchanged at 4.2% from the prior month and came in tandem with Wall Street expectations. This latest US job data indicates that the ongoing macroeconomic pressure, like the US-China trade war and other factors, has weighed on the economy.
Despite that, this hotter-than-expected job data could be a bearish sign for Bitcoin and altcoins. Now, the market eagerly awaits cues from the central bank ahead, especially as Donald Trump also warned of a slowing economy if the central bank doesn’t go for a rate cut decision.
BTC price today has continued to move upward, soaring past the $97K mark again just after the US job data. Interestingly, investors seem to view the jobs report as a modest positive, as the payroll growth, although above expectations, shows a slowdown from the previous month’s strong numbers.
Furthermore, it is also evidenced by the US Dollar Index Futures going down by 0.42% to $99.635 following the release. However, the US 10-year Bond Yield rose more than 1.3% at the same time. Talking about the Fed rate cut plans, it appears that the central bank will keep the interest rate unchanged at their upcoming meeting next week, the CME FedWatch Tool showed.
However, the recent on-chain metrics and market trends hint that Bitcoin may continue to move upward in the coming days. For context, the US Bitcoin ETF has continued to see inflows, after a brief pause till mid-April, indicating a renewed investors’ confidence.
Meanwhile, investors should still exercise caution, given the ongoing market uncertainties and Trump tariff tension. Besides, it is also to be seen if BTC could hold the bullish momentum ahead, with major events awaiting in the coming week.
The post Breaking: US Job Data Comes In Hot Dampening Bitcoin Rally Hopes appeared first on CoinGape.
Expert notes that Dogwifhat price eyes a 186.36% rally, targeting a multi-month high of $3.15 if buyers breach a critical sell wall at $1.5. According to crypto analyst @CW, buyers must continue accumulating past the $1.5 resistance level and trigger a breakout rally towards the meme coin’s all-time high of $4.85. The bullish outlook is accompanied by a spectacular 18% price gain over the past 24 hours and approximately $1.68 billion in daily derivatives trading volume. At press time, Dogwifhat’s price is trading at $1.148, with its market cap hovering around $1.14 billion to make it the 73rd largest cryptocurrency by market capitalization. Dogwifhat Price Eyes $3.15 Multi-Month High, Says Expert As per a Dogwifhat price assessment by @CW, WIF is primed for a potential 186.36% rally to a new annual high, a move that could activate a spike towards the all-time high at $4.85. According to CW, buyers should… Read More at Coingape.com
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The post Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price? appeared first on Coinpedia Fintech News
Helium (HNT) network, a decentralized physical infrastructure network (DePIN), announced a strategic partnership with AT&T Inc. (NYSE: T), a veteran telecommunication company with a significant presence in the North American market. The two entities intend to enhance WiFi coverage across the United States,
Furthermore, AT&T subscribers can now connect to Helium’s community-built WiFi network, which consists of more than 93.5k community-operated WiFi hotspots. In the past, several mobile carriers – led by Telefónica’s Movistar and other Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs) – have joined the Helium network to enhance their WiFi coverage.
“Working with AT&T is a massive step forward in our mission to bring affordable and accessible connectivity to the masses. Teaming up with such a global leader in the industry allows us to rapidly accelerate the adoption of Helium and provide real-world value to both AT&T and their subscribers,” Amir Haleem, Co-founder of Helium and CEO of Helium Mobile, noted.
Following the collaboration announcement, HNT’s price gained nearly 6 percent to trade at about $3.79 on Thursday, during the mid-North American trading session. As a result, the small-cap altcoin, with a fully diluted valuation of about $844 billion and a 24-hour average trading volume of about $20 million, has gained over 44 percent in the past two weeks.
In the daily timeframe, HNT price has already retested the recent macro bullish breakout, and on the cusp of rallying towards a crucial resistance level around $9.7 in the coming weeks. Moreover, the daily MACD has already crossed above the signal line for the first time in 2025, signaling the buyers are gaining momentum.
The post Helium Network Announces Strategic Partnership With AT&T: What Next for $HNT Price? appeared first on Coinpedia Fintech News
The AT&T subscribers can connect to Helium’s community-built Wi-Fi network. The Helium network has grown to over 800k daily users, thus increasing the utility of HNT tokens. The HNT price is on the cusp of at least a 100 percent rally following a successful bullish rebound. Helium (HNT) network, a decentralized physical infrastructure network (DePIN), …